Winding up defined to include corporate winding up and insolvency liquidation under the applicable law regime. The definition of winding up encompasses two alternative procedural regimes: a corporate winding up under the Companies Act framework and liquidation ... Summary
Winding up defined to include corporate winding up and insolvency liquidation under the applicable law regime.
The definition of winding up encompasses two alternative procedural regimes: a corporate winding up under the Companies Act framework and liquidation under the applicable insolvency regime, treating dissolution under company law and insolvency law as within the scope of the term.
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