IGNOU BCOC 135 2025 2026 - Discuss the winding up of a Company by the Tribunal.

Question

Discuss the winding up of a Company by the Tribunal.

16 Nov 2025

Answer :

Word Count : 309

The winding up of a company by the Tribunal is a process under the Companies Act, where a company is ordered to be liquidated by the National Company Law Tribunal (NCLT) due to certain statutory reasons. This is known as compulsory winding up. The Tribunal intervenes when the company is unable to pay its debts, has acted against the interests of public or members, or if it is just and equitable to wind up the company. The procedure typically begins with a petition filed before the Tribunal by the company itself, its creditors, members, or in some cases, the Registrar of Companies. The petition must clearly state the

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