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Citedby 21 docs - [View All]
Globe United Engineering & ... vs Industrial Financial ... on 16 November, 1973
Globe Motors Ltd. vs Globe United Engineering & ... on 25 November, 1974
Commissioner Of Income Tax vs Ram Kumar Aggarwal And Brothers on 2 November, 1993
Motor Fin. (P) Ltd. (In ... vs Registrar Of Companies And Ors. on 21 April, 1969
Spice Jet Ltd. & Ors. vs Malan Pur Steel Ltd. & Anr. on 9 November, 2012

[Complete Act]
Central Government Act
Section 511 in The Companies Act, 1956
511. Distribution of property of company. Subject to the provisions of this Act as to preferential payments, the assets of a company shall, on its winding up, be applied in satisfaction of its liabilities pari passu and, subject to such application, shall, unless the articles otherwise provide, be distributed among the members according to their rights and interests in the company.
Application of section 454 to voluntary winding up.