The winding up or liquidation of a corporate
entity is the process by which the entity’s assets are collected and sold
in order to pay its debts. When the conduct of the winding up has
been completed, the entity is formally dissolved and ceases to exist.
Winding Up proceedings are commenced in the High Court by filing an Originating
Summons supported by an affidavits. Thereafter, the applicant has
to serve the Originating Summons and supporting affidavit on the entity,
the Official Receiver and the nominated Liquidator (if any).
Continue: Corporate Entity Winding Up Case - Step 1: Case Information