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    <title>Right to present winding up petition where company is being wound up voluntarily.</title>
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    <description>A petition for compulsory winding up may be presented during a voluntary winding up by persons authorised under the enabling provision or by the Official Liquidator. A judicial authority may not make a winding up order on such a petition unless satisfied that the voluntary winding up cannot be continued with due regard to the interests of creditors or contributories.</description>
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      <title>Right to present winding up petition where company is being wound up voluntarily.</title>
      <link>https://www.taxtmi.com/acts?id=12833</link>
      <description>A petition for compulsory winding up may be presented during a voluntary winding up by persons authorised under the enabling provision or by the Official Liquidator. A judicial authority may not make a winding up order on such a petition unless satisfied that the voluntary winding up cannot be continued with due regard to the interests of creditors or contributories.</description>
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      <pubDate>Tue, 17 May 2011 13:54:06 +0530</pubDate>
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