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Winding up

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Search for US tornado survivors winding up
Sydney Morning Herald  May 22  Comment 
The search for survivors after a tornado wiped out an Oklahoma City suburb is nearly done, as the death toll stands at 24, including nine children.     
Why is Ocado winding up Waitrose? | Nils Pratley
guardian.co.uk  May 13  Comment 
Waitrose is central to Ocado's business and that will remain the case whether or not a side-deal with Morrisons happens "I would never knowingly sign a contract with Ocado that agreed to them working with another retail competitor," says Mark...
Cabinet to decide on winding up Irano Hind Shipping on Monday
The Hindu Business Line  Apr 1  Comment 
Sanctions bite as Govt moves to dissolve joint venture with Iran
Court vacates stay on Dunlop winding up order
The Hindu Business Line  Feb 18  Comment 
The creditors, to whom Dunlop reportedly owes more than Rs 300 crore, had moved winding up petition after repeated failures by the company in clearing of dues.
Mallya meets staff after threat to file winding up plea
The Times of India  Feb 9  Comment 
In the backdrop of their threat to file a winding up petition in court, Kingfisher chairman Vijay Mallya today met a group of pilots and engineers and is understood to have told them he was trying to get bankers and aviation regulator DGCA on...
Dunlop gets final breather till Friday for stay petition on winding up order
The Hindu Business Line  Feb 6  Comment 
The Calcutta High Court on Wednesday offered a final breather till Friday to ailing tyre manufacturing company Dunlop India to deposit Rs 10 crore before considering a prayer for stay on the windi...
Calcutta HC orders winding up of Dunlop India
The Hindu Business Line  Jan 31  Comment 
The Calcutta High Court on Thursday ordered the winding up of tyre manufacturing company, Dunlop India Ltd. Justice Sanjib Banerjee, while ordering the winding up of Dunlop India, directe...
Pilots seek winding up of KFA to get dues
The Times of India  Jan 22  Comment 
Pilots of grounded Kingfisher have served a legal notice on the airline for winding up the company to enable recovery of their dues.
Wockhardt's FCCB holders withdraw winding up plea
The Economic Times  Sep 20  Comment 
Wockhardt had restructured its Rs 3,400-cr foreign currency debt following the global downturn. But it subsequently defaulted on payment to the tune of $110 mn in 2009.
SBI says it is not for winding up of Kingfisher
The Times of India  Jul 12  Comment 
SBI, the lead lender to Kingfisher Airlines, today said it is not for shutting down of the cash-strapped carrier but the lenders needed to take measures to recover loans given to it.




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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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