Modes of Winding Up
The provisions of Part I shall apply to the winding up of a company by the Tribunal under this Act.”.]
Amendment
- (a) Substituted by Insolvency and Bankruptcy Code, 2016 Dated 15th November, 2016.
For section 270 ,
- (1) The winding up of a company may be either —
(a) by the Tribunal; or
(b) voluntary.
(2) Notwithstanding anything contained in any other Act, the provisions of this Act with respect to winding up shall apply to the winding up of a company in any of the modes specified under sub-section (1).
the following section shall be substituted, namely:—
“270. The provisions of Part I shall apply to the winding up of a company by the Tribunal under this Act.”.
(b) The MCA Notification No. F.O. 3453(E) Dated 15th November, 2016, enforcing the related sections of Insolvency and Bankruptcy Code, 2016
