Winding up
This query is : Resolved
17 March 2012
what are the essential conditions for winding up of company by the creditors ??????
19 March 2012
1.liability of creditors should be more than Rs.500.
2.creditor has to prove to the court that company is unable to pay its debts ( in case of insolvancy of company).
2.creditor has to prove to the court that company is unable to pay its debts ( in case of insolvancy of company).
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