Central Government

Application of insolvency rules in winding up of insolvent companies

In the winding-up of application insolvency company, the same rules shall prevail and be noticed with regard to: Debts provable The valuation of future and annuities and contingent liabilities The special rights of secured and unsecured creditors Application insolvency rules in winding up of insolvent companies Provided that the security of all secured creditor shall …