Winding Up of Company on Report of Company Administrator
Omitted]
Amendment
1 (a) Omitted by Insolvency and Bankruptcy Code, 2016 Dated 15th November, 2016.
Original Omitted Content– 265. Winding Up of Company on Report of Company Administrator
(1) If the scheme is not approved by the creditors in the manner specified in sub-section (2)of section 262, the company administrator shall submit a report to the Tribunal within fifteen days and the Tribunal shall order for the winding up of the sick company.
(2) On the passing of an order under sub-section (1), the Tribunal shall conduct the proceedings for winding up of the sick company in accordance with the provisions of Chapter XX.]
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