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TMI BlogCompany insolvency and winding upX X X X Extracts X X X X X X X X Extracts X X X X ..... I had a query whether we can use these three terms interchangeably- Insolvency, Winding up and Liquidation of a company or is there some difference between these terminologies ? - Reply By Padmanathan Kollengode - The Reply = First and foremost, let me admit that I am not an expert in Corporate Laws. However, in my limited understanding, these terminologies are different and cannot be user inter ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... changeably. - Reply By Padmanathan Kollengode - The Reply = Learned Vidushi Ma'am, If you could post a brief extract from your website, it would be helpful to the querist and others. Regards - Reply By Vidushi Goel - The Reply = Respected Padmanathan Kollengode sir This website is actually a e book The main motto of this website is to educate the mass especially the professiona ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ls of the country and of course youth icon of the era on the topics of law , finance and taxes. - Reply By Padmanathan Kollengode - The Reply = I am intrigued. Pls post the link of this website so it will benefit the readers. - Reply By Diksha Gupta - The Reply = As far as I could understand: Insolvency is used when a company is unable to pay back its liabilities and debts. Liquidation is u ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sed when a company is selling off its assets to pay back the debts and liabilities. And winding up can followed by liquidation where a company has paid back all the assets or when a company has fulfilled its objectives and thereby closing/winding it up. This can also take place under various other circumstances which can be studied here: SCH 11 - AMENDMENTS TO THE COMPANIES ACT, 2013 (18 OF 201 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3) - Insolvency and Bankruptcy Code, 2016 (taxmanagementindia.com) For winding up: I referred to this: Section 2 - Definitions - Companies Act, 2013 (taxmanagementindia.com) where the below provision is stated. 22 [(94A) winding up means winding up under this Act or liquidation under the Insolvency and Bankruptcy Code, 2016, as applicable.] - Company insolvency and winding up - Quer ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y Started By: - Diksha Gupta Dated:- 24-9-2023 Last Replied Date:- 26-9-2023 Corporate Laws / SEBI / LLP - Got 5 Replies - Companies Law - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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