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of <h1>Court-ordered company winding up starts from petition date but formalizes only with court order per Section 441(2).</h1> In the context of court-ordered company winding up, the process is considered to commence from the date the winding-up petition is presented. This retroactive effect applies only if a winding-up order is eventually made. If the petition is dismissed, the presentation date holds no significance. Until the court issues a winding-up order, the company must adhere to all statutory requirements applicable to active companies. The wording in section 441(2) indicates that the winding-up process is deemed to start from the petition's presentation date, but it only formally begins once the court issues the order.
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