compulsory liquidation meaning in Hindi

Examples

1. Mrs Lee said Maria's chose voluntary liquidation over compulsory liquidation to avoid chaos.
2. In almost all compulsory liquidations, the liquidator is required to establish a liquidation committee.
3. But in most cases compulsory liquidation will normally be commenced by one or more creditors.
4. A compulsory liquidation is usually the result of an action taken by one or more creditors of an insolvent company.
5. By 1899 the company was in serious financial difficulties, and it went into compulsory liquidation on 1 November that year.
6. On 5 August 2015 the charity ceased operations and announced it would begin the process of placing itself into compulsory liquidation.
7. As its names imply, applications for compulsory liquidation are normally made by creditors of the company when the company is unable to pay its debts.
8. Compulsory liquidation is a statutory procedure which enables a person to apply to the Court for an order that the affairs of a company be wound-up.
9. On 6 November 2013, it was announced that five stores in Paris, one in Lyon, and two in Belgium would be closed as part of a compulsory liquidation.
10. Alternatively, a creditor can petition the court for a winding-up order which, if granted, will place the company into what is called compulsory liquidation or winding up by the court.