Winding up

suraj kumar singh (Querist) 22 May 2015 This query is : Resolved
Dear SIr,

I wanted to know that whether a central/state PSU or a government company can be subject to winding up in case they are unable to pay the debt as per the provision of Section 271 (1)(a) of Companies Act, 2013.

Is the procedure of winding up of a government company is different from a company which are not government company.

Kindly provide your valuable input and comments in this regard.

Regards

Suraj Singh

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Jeetender Gupta (Expert) 22 May 2015
Presently in most courts winding up cases are still being filed U/s 433 434 439 companies act 1956. You can file winding up against PSU / govt company after following prescribed procedure.