Winding-up order
A court order placing a company into compulsory liquidation.
Related terms
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Compulsory liquidation
Court-ordered liquidation of a company, usually following a winding-up petition presented by a creditor or another authorised party.
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Winding-up petition
A formal court application asking for a company to be wound up, often presented by a creditor alleging the company cannot pay its debts.
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Winding up
The legal process of bringing a company’s affairs to an end, realising assets, paying creditors where possible and ultimately dissolving the company.
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