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of <h1>Winding-Up Petition Process: Filing, Tribunal Admission, Hearing Date, and Advertisement Directions Under Companies (Winding Up) Rules, 2020.</h1> Upon filing a winding-up petition under the Companies (Winding Up) Rules, 2020, the petition is presented to the Tribunal for admission and scheduling a hearing date. The Tribunal will issue directions regarding the advertisement of the petition and identify any individuals who should receive copies. If the petitioner is not the company, the Tribunal may require notifying the company and allowing it an opportunity to be heard before deciding on advertisement directions. The petitioner is responsible for covering all advertisement costs.
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