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    <title>Effect of winding up order</title>
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    <description>An order for the winding up of a company operates in favour of all creditors and all contributories, and is treated as if it had been made on the joint petition of creditors and contributories, aligning their statutory positions following the winding up order.</description>
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      <description>An order for the winding up of a company operates in favour of all creditors and all contributories, and is treated as if it had been made on the joint petition of creditors and contributories, aligning their statutory positions following the winding up order.</description>
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