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of <h1>Tribunal Must Notify Key Parties Within 7 Days When Appointing Provisional Liquidator or Ordering Company Winding Up</h1> When a Tribunal orders the appointment of a provisional liquidator or the winding up of a company, it must notify the Company Liquidator, provisional liquidator, and Registrar within seven days. The Registrar updates records and informs relevant stock exchanges for listed companies. A winding-up order serves as a discharge notice for company personnel unless business continues. Within three weeks, the Company Liquidator must seek Tribunal approval to form a winding-up committee, including an Official Liquidator, secured creditors' nominee, and a professional. This committee oversees liquidation tasks, and the Liquidator submits monthly reports and a final report for the Tribunal's approval to dissolve the company.
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