Companies Act, 1956
Sec 425 - Modes of winding up.
(1) The winding up of a company may be either -
(a) by the Court ; or
(b) voluntary ; or
(c) subject to the supervision of the Court.
(2) The provisions of this Act with respect to winding up apply, unless the contrary appears, to the winding up of a company in any of those modes.