Winding up

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.
Wall Street Journal  Jul 23  Comment 
Apple's ho-hum quarter gives little insight into coming products, but investors have charged ahead anyway.
Wall Street Journal  Jul 22  Comment 
Apple's ho-hum quarter gives little insight into coming products, but investors have charged ahead anyway.
The Hindu Business Line  May 29  Comment 
City-based United Bank of India has filed a winding up petition against Vijay Mallya-promoted Kingfisher Airlines for failing to retire loans amounting to Rs 336 crore, an official of the bank sai...
The Hindu Business Line  Feb 3  Comment 
The High Court of Punjab and Haryana, at a hearing held on January 20, passed the winding up order against KLG Systel. The order was passed in a case relating to the Bank of New York Melon a...  Dec 17  Comment 
The Toronto stock market closed little changed Tuesday as traders hoped that a two-day meeting of the Federal Reserve will end uncertainty over what the U.S. central bank may decide to do about cutting back on a key stimulus program
The Hindu Business Line  Dec 16  Comment 
The issue also involves recovering public money of around Rs 6,500 crore due to various banks.


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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]


  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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