Companies were wound up under the Companies Act, 2013 before the Insolvency & Bankruptcy Code, 2016, (IBC, 2016). Regardless of the facts and circumstances of the case, companies can be wound up under either the Companies Act, 2013 or the Insolvency & Bankruptcy Code, 2016. Winding up of a Company Companies are wound up when their life is ended and their assets are sold and then distributed among creditors and shareholders by their administrator. Modes of winding up of a Company As far as winding up a company is concerned, there are two ways in which you can do this […]