7 03d t-Winding Lp by net [8a 2te 408 2.Nolun ay Wied Up faemte 323.) : 3-Gmme ~Tucsisleh appiable on eves walnding up Larute3sat 4 officiel Uguideton Sec354 to 3455 Bolle 323 have been deleted after the inlveduction of Tnselvency y Barks tL we ve eal nd Jo study Veluntas iinding bp loft shit Ain up hich sealed Compulsoa | to TRC, 2016 Sof tandig dig Up ox Ui ing @ Lady Up ite T * Section 22o2-binding Up by Tlbunal or Spy Notional Com, \ toy he the July te oiler winking Up lhal othe discnelion of ect te Lvihunal has apo efest Pelition of Winding duthe about the Wiading Up ican. | Hl eX winding ip Was Gil" oaiden sane Ame |) (4s When cc $ inal ey When it \ Whe l - Ye._to lose down the moony, Ushicn means ihast heppited due te whith uiadin up seems te say solution Tos 72 Noseviral Scope, company cis sham and “deaddeck in manage nent * Sadien. 212.1 Reh Fallauing axe the peasens eligible be fle. Patton fess winding 1 it. Cohan, omy afte Fda Chas hd aad hn Hold it a8 Sia SR. Prose el shaseholden. ox his loyal heist Po ROC nbs after laking lappsovall ch Ray.» possen ooh Wy G ealsall got Fer Cell gel-an sil goal ileelD iONnk and can a the “palition. should be 4 en Lo Rot, sethat he can siaise oh q exe his views Le NcLT§ within do days . Li Sedion 2a:- Pewee of NET afl Nett mal fsue oars ~shlhes fas Hlnding wp ea ethsuutetoilhin Ye days Fam the date of Petition TP dheste ane no “valtd gsiounds. pose petilion, tale. up “ “pel Leoadened ! ing Stalunent of affine wil appl ol iP Pebidion ig Pied by anyone olhest than tempo 2 NUT will ode "the 4 tenptoy tafe ahd clalinest a? affalns F ays od osidest, lo be extended by! bo moait_deye NUT mi aly i aad gubiled ple the dale af w on binding % idea dinedosts wild gc (the owounls. . UA Salen rt8:- iguidalase ond theta A fp polalmen \ : > pts He ty appointed by Neu 2 He should he one “ol the fala uing = foo alleask months cul of Jacl I8manlk ulta DHicie! \, Tasel ths Ingo ven Llegd uidaten Scope ot xeriud, 4 Nauidalost Q usin days of. his_appo | 50 : 12 Removal is 19 Removal cab, lol tsust) I 2 Pofessicnal “Trrompekence Trabibtly to Ack. fnabilths to Act wh \ will intosim osdest_ot 1 in TL days. scot Lsked Company Rol ft Oren the N tid . Pts he Newt onder 4 all offices. | gischageg Ysrorn th \ Usuidelos | Iso continue! hecnusep sional 4 windup ult ttl E 1 Uquida tests sind LL hatte alll hale” bo! up comme curs dhe fecels ial ° Aa ¢ Sabement of Mais Co Retouesaty of sly Lom othe \ 5 (> Resiewgy Dilatation of Suaplas funds } SE Minding op Commitlee consist of fallosing. people a> Li val himself a do Naminee. of Gecuned Gredilaus Professional Norainaled by Nett : : Geliguidalyo oll give mbothly. ouput tthis tomillee about. puagsess of wacky a 4 Ledion 938" ng Up Oadeas, = i Winding Up orden will opele in fosourea! Gueditens oluinys Th means even ifaeltons J tove Lal spb, Uaidliecul uostk fits lent i t \ i wh a real et nee ee Han 244= Shay ct Guatt open Winding Up ts -} floy Legal proceedings stunaing zendin hah ET Ral spndee onl LHL At 4 ' Loscsibunal, othe than Fuathesr ofleot usinding ip oatden a © \ 4 olan seus Case tannel be filed by oat agaast_the_comy sa 3 Any pellson oggalived bs sock slay cant Pe Soppeal befbsue nel, uahich chal Le es Ny Not titthin. bo! days ‘ z EEE oc Tusicdichon of NUT: Lows J NT has pouresr to enterdlaln any cate by ox against company sunning pending in. any ae i \ a | -oay-ofhes tous “Than alee thug amg Each Hone ude a K Secllon oal= Sal eS a ‘an_of Repent by slivinasy Ryst 5 FA liguidalon will psvepame and subinit o wpoxt Jo Neut within be days {o_ setommend — Winding Up ovr cthenanse any 2 Such xepank is «-coimpalsony spool Lek NLT may demand” Fastheas stepoatt 3 Telowing ot the wnleile SCs smart s= ——! tay Delails chaut Cottoth Ex ching, ana lo wobruasanlds Given by ub Details of Bann : (eo Details af Conkset co Dedoils cf oll Coompany_fssels buhasiies canpanty Masel beth Is bls and. Trkang Me if Toink Meokuseand Gllabodrabons ng. and Subsidiasty pnp casts by oot again { 1), Reommend ot | Uiguidaled u = _Divecbions.of Latbunal ayo poo of Ligiel oval sepok ob NeLT, \ ul ko complete ‘ C 0) 8 wuestigabion inke Exod ido Aa oth sole ot Com winding ! 4 UP bby StT a oatdeat as. may bt tT *G ody ot t (ci peas AGL psropesities of Company will demain Phem on behal’ of Laibihal {iquidaloo usilf a pucmol ee, ‘ Lo: sheuale 0% paterent must with kt Mist 1 \ \ \ shut st Oman. Lowostds-he ascele yn d : 4 \ bolastiy ton be om asl onbtla Dresenk Gortaibelasy mean pestgon ths 16 oeluclty Hable te pou seine amount 4a 3 fs Scala Ake wampany Pade lnk flan i bas. ended the , ty \y { gonscr othe wns Liable Lapa some omtint te cannpany. but «4s Beachip. wilh tompany al any: me within dhe lack Lyeass. G-Becent Coatsibalass mourd exer uatthout demand butt past L (oolvitbukaais as Le only i? Toney stecelued for passat contsibubesates fall instfiden to poy tecaeless —! will have to pay tf pA Nat my exert oy af the gout cotaabstsn sobpek ta prerence af geod ath. cate! eclasis_ ond, Managests cso and Managthih : Ee Ter : 7 a When Aly loss ose Ltehibily advising jx compan is found tole present because of diseclons Sand rangers theyll Ke by eos South lus peonally a : 2 »* Seclion 2871= Advic 4 fommillee ! _ : #S 1 Mutsony commilber {snclcompalsoay. ; : Sa Tis Mu\bibed by lotbonal le Qletse Sguieloy aod ge aepat to \oibinaf 6. p38: Te call hove mocitnum 12 membestt sho tan be creditors oy conlaibulanies oot fh anyone. a pA Ngaidaloar wilh abl reeling cf Guediloas. ond Galaibrbarier uaithin 80 days / }——_Prere the osideat cf Winding up So kha membesss of this commillee can bedaaungel as [5 Chalsiman of his Commiblte —suilll be Uguidaloss t EL : A -* Sedion 22 iodical sepals. Lo tssbunal + Ad oe 7 : a Lyalalear will grea cpasteny suepoal Lo Nett aboal the paoqatesc-of Woding op NCU aon demand a4 Pathe jnPosmabion tshenevesr stayived — bes 1= Poses of Nato slay Hiading pos iD ~ flay person may fhe ‘Pedition to slop winding up bol NeUT has yooseats do £ psa doy ch Clay ein op epg. “cyan be gaunt af ebenHowens and Dolies of lquideles 1 Vtoadihea | ‘qulabosr have loflowing pos 4 —_— “ Fable si i in. bovoust0 spat hol of se cmpary “Assets. of Lompony zl OS quing coniasia tha To File Uiigaliin on beholi of Company 1 tt { e_thaime d EEE “by eod al vol an 4 ah \ \ wch_ockions —necesgary dudting lading 0 any using winding vp nis do entuste comtonceoh company one Chased at 4 Uguldelos may appeint ont_oM L tua Gecuelanier Cost Resounkanls le lank, Coane nal at Fen a apprrovehof Nt 1os_ny, elheae pscles est with the Company 4 £ Powsesus_aof Siguidel MS AUL pa west of shal | e exalted a pi Comithee nd " Up for Arerbidhy of both the tommillee’ — diserlions of inking Up lominitkee wil prevarl tions of NeLT, ix some condlick belweenthe «TP 4 Sedion 24..= Boole to be hepl by Ugaidalan 1) uidatos will ssealain an update lithe seardy whith awe | Dauniing enti malt Fooseqi= Minukes of Neebing ot r { 3 Rained by Gnpony usthouk usinding “Winking Up lon Nee sudalos's accounks must he + \ ’ OTe fi \ ‘ot \ Uyotdateas ill maialainGamglebe axourl of all hic Astansciens and th audited . flolited accounts shall be submilbed Lo MeLT ond Roe. This atoushs and Audit wilh be done on hall’ yeasly basis ps | ¥ Sedlon 298 - SiL ol lonlaibutosies Ae Fethe seine peatton. 1s corediloae ( Ls ; Td om welos Conbsthulssy lsibunal can pomikeet offs of Rewtvabhe and Paualhe amount on_2961- Power al Tath ral-te mike 6 Nett has all the pouiess te make calls onthe shases unpoil so Shel funds can be ‘ : sausage dusing ving up k x Seclton 191+ Adjustment of.e S anal has pousearte adjust avght ood duties of Contstibutaaies ond (redilesss among ; oy ee ' : themselves sothal company need fel to make Seposiale payments i) ey f ry . fe f % Serlton 92 -Pawen te ostdea GIT Winding Up expenses “Bis uple the Anthro! to decide ‘he stank al hth ne of Niuidalion expenses shall be made, thith ton eine hesieaing -oor al Ve tend ost ab Bay Level? ed {o Summon. pestsons Fhoving lomanty Ruopeatle A hoving Langan. Rasp. “ie pospely owls Suspected fohave | a company's pipe Bresy sich pesson ust have to i Tatbsool may coll onyone whe has stesent tn pestton oak nsugh — egal sepetenlalive ~ befane Lothunal. He hos lo sussiendest ony cuch esset pousctied by him. _7 1 \ Poromoten, disecloas et Paromokesr, disterdost cot any olhestpesttonto nal | ' toke atcountants (oct scountynt 3 = Such ecami saihy | Il Nquide 1- Complete examina §. Such vecond sholf ove hdl fan_alsconed , -tiveclas office oo employte_ts.ovotding Trdia Lo ohiconed Fao cuthosiktes , he maou he detained uipla She lite “pseraicbed by tuthunal Weswovesr, alll his secads. and oly may be seized 0p ay bests b Mon 302 hy Luthdnal hah Tea {oat Shaaatvn sideot shall he given be Ro e Commence! sholh poievlout_ compan im pe t onde ox diecalubien ose einai as valld og tt made undes th inst Yhe winding “4 mmode_in the pseevio up-cathors olstealdried to prove AW debls of ofl nalustes -rroust be proved to the salisPadton. of Company pide usithout hid tt sotl nol be puotetted gq! pn 0925.1 Apalie akion.of Tcl sakes = Appbieation of zs x Ta company is betng usaund up, due te incleag Tre oclb w d fe % Secon 226. 2= Puroudulent Teteren 5 2 eA bthen the company. has ue ondue Puellesuence lo one ca 3. —-nothert calegeal of Guatiters, iL sholl be Shnudalent 2 Ray sud poelouette given—in_tast 6 morlhs shall be consileaed tobe Baudulent XS pont’ so void. H s f-—3-Howevest sath tvonsarkions with Bonking Capa uaillnot he fraudulent Ne = — AC FH Seclion 424. “Tuantaciont nel tn.qoud Hulh to be veld t= ded iL is. nod fay Lovee. made by tmpany tn Lost 1 yeast shall be acid p i goed faith and. id-sat in the oxcirsyy thute of business 4 % Katien to! (orlain tansien to ber arma : 1 : Any dsanstna of moveable ox immovable piuperly fir benefit of someene and. nek x p-——eveanyone soll be_usid if done indarl 4 yeas : \ A Pls ‘ Ae \ \ A) \ 0 | nv HK Gecbion aah = [lobiltlier and sights of pexsons who secehed Peaudulent Pre Yewence P Jab iit oh penton whos | Taaud ta F, bhen Paoubloct pefesene was. given te eslein eee wal fave do weal ib -ankine (eneP seabed by thom Path many Th heutlee ey ove considered uequally —guilly her Pvoudubent Peele ene oor made, He will sreeive cnly those aighls Litled { tolshith he bisas exginally en ony Secon 332: Effect ofthe x : Coeabed Qo soa cseoked to lost one yoo shall be Lif tt esos-nel in good faith Houteresr Banking Lansarkions the olusays deemed to be valid y_-means whore 2 Lguidalos. has sitet bo disdain compart 3 Lguidal sematt do this disclaimear_utthin lye ok a 1. Onevious pire vohalle benefits oae bas than the proboble esl : 1 sak \ \ ashith mean HL willno moxe be asset of! suck paupend or the tommencement of un Up X Sadion 33°c Taanalatoneoflen_ tonmenemest i csintig up shall bevoid —e : No knaneles of Shanes con take place ad le Gmmencemat ot? windy Xp and thene canbe tno change indhe mermbesiship anh 5 = Conain oblachementesecubion in twinding Up to be std > Pay allotment of peopel cansot be dene tutthout the pest pesmisien fnewt x yoy PMlchmnent onbes this seckion te nol pach a Led, iL cinoplly, means thot tovthouk NaT cons Rasek conned ec baker aay, Oflences by offlaars ob G "k pestles me Dray cles of tompany ho did 1 Fay 7 /—polishmnent under thi section will. apply fas allows = : : 1 (oo Minimum imgotisonment 3. geans. 1 vl \ J chs Maximum tmpatsonment 9 yeasts z a j to.Minimumn fine 2leo,e00 Maximum, 1X Ipoooe| Sedion 33 Penally feo Puoud by OMieans '- When Comm ny oes ane oli yin order te de ioud witheoudilosss , fllousing ponidnaenl Asill only : : . tooHloimum |mpsisenient 1 yeass by Moslrau, fmpitison ment 3 glans to Minimum fine tp0,000 dh Mosimum fine E eo000 | Sellen 33 Linblily bie Moyo astunk astral W TE Mopar books of ausunls sovenct leptin Last 2 geass before winding up , -—puntthmenl te os Pollous t= | ‘ Minimum tmpstlsonment 1 yeaat — ths Maximus inpaisen nent 3 Sans 0 Minimum fine & Ipoco0." -—tds Maximum fine _% 300,000 » Proulilent Conduct of business = —— ey of teens and employee oll LE sespensible under secion % Serbion 240 1-Powear of Taibunal fl Geese — = hen th ts found khok cnyone’s guilly of Nisfeasance catlsteach of dalits be-all have Le pay damages or caliatoled 4 NLT. The amour oadered Wy NeLT will become a dd aginst lean i Sulin 24 -= Ushi [6334 0 Auo bo extend de gasnes and diveckas \= TP ee oe - ae a paottnen oat Liters ashe wos powtnenr er diseclest ab the Gime oF Genmillin oblate will be pesonally AolLe and. tidy —il_be al past ah ening iL Gand tat Gyanycpsains velit onde in poal aicedon,Gshooua ond [LP bePaste eonvers! “Lo compiay, 4 nosecution of DeLinguent of ft + ? esr.and_membestt Myr. OP Jang i Os 1 Lis. found the ony member oat offer hos done sere watong te comp ay bay the mush be praseruted by NOt Aasough Liquidator, Te means 4ueny. offend cannot be apsesale So. only Uvedpesen gly should be poatthed { t —# Se r \ c Leck be netr \ Company sidaloor to exenclse Carbon. poses & subgect to NCLT opptiovad, 4 Lquidalan | hak genes ally vassious powest but J Lguidabos cannol entered inte comp namie bst_oaiangement | iuith “aedihoas tthout Lis to make sue Woot Content, of. NUT shal Liquidatesr d doesnot qe Unvalved tr Paoububen paePerene 1 TEE vouthert ,booxd dnd ( te 4a Company is unde vanding ap , al) the cue ents, Aladace Bel raping 18 tember inking ~ Books and Yop ok Gmpany.(o be enid + ben romps isbeing wownd up, all books and popests onging te Company and ‘ Uguibates: shale be “evidence of ie in all. 1} (eae notdowments by Cou 4 \ Gedo dea exe and Gnlsthotasd e-anight fe tespud the det Credibests and lonai hataoiies Cea malitained by 7 | 1 sods, Can make can veten olf Aiayitelon Fou the panpesecl winding op oh topics and can take" noles._Paom them. qae Lk Sudlien 351: qu Sablon 3 [yop #Sedion 343 salof Books and apes = esesred foot ableacl $ yeass Brom the bene Sabi. of Aiquidalaa, 054 OP Beat Alte documents of Company must be date of dicrelution of lest —uubich theate wi taf Tea) ANB = Tnfosimalion. se a Peding Lieldation = ox fromthe Commencement of th Nott usithin 2 months each yeas upto discelution Tete usnting up could ool sombeled thin ushnding.up,Ugideles will Ql dakmenk of ps Paiom “the tompbeion cl one yee to be fl seas 0 ial _t dake to take pymets ine Pokkic_ctounl of Tnd a s- dal bis stemunestaion chal be paid by him to Hoy money colleded by olla Palle acdhunt of Tadd! in Rat Os Ss Gmpny Lidl ledges mae ink — Ray mane sel pid on-bbald oF Gengany-moch Sede in. a Septriale “Bank avout ino cchebubed Bank Howeren Lhe canselain_with him Qmaxlmum sum or _% Sooo Rag chest_omount must-be deposited dived Ao that Bank acount 1 latest cannel depos! ony mene sealved in his paivole Banking gecoun| J FH Sedion 952 --Compony, Liyuld end d Unbisluibuled Asses eaunt When ony. amount steraine unpaid flac months Prom dake of process cymerk ,"Uauitelon tall deposit this amourk ino speck accoust which will : Inthe comboiol ef Roc ROC will beep this amourk fost 1S years fle wh Lull be gaindo Coal. qorernmant whesomest 1 tonlyeling “this amounk alllfae Pay back te the appbicant ruithin bo das feo the dale cfdemand clheausice Dikp.a 9 simple Tolearet sill a ise warp *Suclon 363% biguidaloss fo make eee Uguidains tomake set Alb the ovekuains sequiste lobe Filed by company shall be filed \y Gouidoles os a. emanded by Roe, NOT ox any olhest genes, Ubi, Hesieouett any inkestmabien Aulhesily matt he cubmilled —_Sutthin 14 days ther ond Conlatibutasy fll Lac 0 , ( > fa okt Ey E Whenever His Pound neceesosty, Mguldabest con. call. meclings ol Gedibons ond Glaibulasies * Sedion 394: Mee Roy dedsion. shall be baker by spedalsteublon as pest value: { rik Lo bese # Sellen 989°-_ ff Seon 385-5 AM AERaath execuled in ony cost ashelbes in ca culbide Tadio vill bevaltdly axepled by NAT. 7 . | wool tedelane dssalulien of Compony,_vid sibinal sion of Company. —* Sudlon 9561 Pawens of pounds = Tawa ot [Tlbunal has genes, to dedase the dicscltion as wid. Tr canbe declaned eid iP the sumeis stquetted by someene oth is fond thal tsinding up shoobd nel have heen done. Suh osidess “must be tstued within Aycosts Pain the date of Ospina, Atssobubion . 7 inmencemnen ok hindi \ Be _* Seder 459 _ Lommenesnent of iiong is deemed totahe pace onthe date on which Pali kien us, Hed and nol onthe dale on Nreance of this date is teak atl his dale, Be hese Sbrise persens hich codes woot issued The Stan anSeckion 3 ites ion of Gortoin time in Lengshig. Penied of Limitation, bhen- Wining op gels commenced, ene en period Pom d ( mathe dale ot Commencement oP tinding “Up. shall be excluded then we check. Gnitation panied oF 3. years unde mialien Reb, 1963 4 / ( Fallouing tedbions. have no sulation ith wiching opel any aay These teclins talk abot o {oven Men called ofPietell Uquidelds ht his. fundlions. ete Mdal Uguidalost ening guise oH appointment, . PP his pens : f fo Selon 364.1 Rppel ent of ON al Atyutdabon. 4 Dypatolnenls ore dene hy £60 bbl alfidal Uquidaleae “ll be uthole lone gechemloyea = # Secllon bo = Pauses & fandions of Pfeil Mgutdatesr - 1-0PRetal Liquidator. twos as invelsaling offic Cn 2. Offical Lguidates work as Liquidebose ubheneves appoinked by dyibunal_oot Cor, usheneses append by. Antbunal os 4 Role of oficial Uyuidelan in faslsark Uguidelion Sedioa 36 < alle aboul facllvadk gitaton in ubich ne approvals eae Stequivel Ducin LathuneL and tuinding up esi be proceed ust afte Corappacral \o = — Seckion 36Ls= Seramany Pootdine Fox Lguidelton TA Tank only i? Bock Nelue nef fetal ossels de nol eaveed BLowae tsiading up conbedene “hy official Lguidolior sper inclaudions efalenlval govt 2 0PRcial Ul wath submit pretininany sepeet Lo Ceruithia 30.daystcttidol (auidakoar wall Mspese ablthe asses tuilhin Be 2 6fMaal Liguidalast t stecouex_ money Foon debkoats ¥ ( orn tuedibests + - [g of Claims yuidelust. wilh demand claims foun cael & Gullon 364 Appeal by Coudibese t= Section 304 Yuscis sepeled by effteial Atuidaless, he can Mile append te Cor in 3o days ri a Ththe daim oF aod _dedsinn cf CG shall be Fool # Sucbion 266 Inal sepork te Cir, C6 will cadens dissolution be bedene. { by Rot and" disscludion evden shall’ be published in Newspapess Foor public When ole b Liguilabon sobmils