Winding up

RECENT NEWS
The Hindu Business Line  Nov 23  Comment 
IVRCL Ltd is faced with a winding up petition filed by Rustech Products Pvt Ltd for payment dues of ₹1.18 crore. “We would like to inform you that as per the information made available to us, thoug...
The Economic Times  Nov 22  Comment 
Small industries' lender SIDBI has filed a winding up petition against textile firm Alok Industries, which is already facing debt restructuring action by a consortium of lenders led by SBI for recovery of loans.
The Economic Times  Sep 21  Comment 
"The winding up of HDCPL is not likely to affect supply of rough diamonds to Indian diamantaires," said an official release.
New York Times  Mar 22  Comment 
Playing in small theaters and to groups who may never have seen professional actors, the Globe has taken a pared-down “Hamlet” to about 200 countries.
Financial Times  Jan 14  Comment 
After its shock move last January, can the Swiss franc go higher?
The Hindu Business Line  Nov 20  Comment 
A winding up petition has been filed against Monnet Ispat and Energy after the company defaulted on a loan account and refused to act on a demand notice. The company should be declared in...
The Times of India  Aug 14  Comment 
City-based infra player IVRCL Limited on Friday posted higher losses of Rs 187.18 crore for the first quarter ended June 30, 2015, as against a loss of Rs 157.91 crore in the corresponding quarter of last fiscal.
The Hindu Business Line  Jul 29  Comment 
JCT Electronics has informed the exchanges that the Board for Industrial and Financial Reconstruction has, on the application made by the Asset Reconstruction Company (I) and unequivocally s...
The Hindu Business Line  Mar 26  Comment 
The Madras High Court has issued a notice to SpiceJet Ltd, returnable in three weeks, on a winding up petition filed by five lessors to whom the airline owes ₹80 crore.“Apart from th...
The Economic Times  Feb 24  Comment 
The commission noted that there is considerable merit in the union government dispensing a small share of proceeds of disinvestment to the states.




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Winding up

To liquidate (sell or dispose of) assets of a corporation or partnership. [1] Liquidating the assets of a corporation or partnership, settling accounts, paying bills, distributing remaining assets to shareholders or partners, and then dissolving the business. Winding up a non-profit corporation requires a plan for distribution of assets to some charitable or other non-profit entity. [2]

For example, a portfolio manager might decide to liquidate a position in a stock by selling all the shares of that stock held in the portfolio. [1]

c.1575, "to reduce to order, to set out clearly," sense of "clear away" (a debt) first recorded 1755. The meaning "wipe out, kill" is from 1924. [3] Wind up "come to a conclusion" is from 1825. Winding sheet "shroud of a corpse" is attested from 15c. [4]

References

  1. Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. ISBN-10: 0618176519 pg212
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