357. Commencement of winding up by Tribunal
(1) Where, before the presentation of a petition for the winding up of a company
by the Tribunal, a resolution has been passed by the company for voluntary winding up, the
winding up of the company shall be deemed to have commenced at the time of the passing of
the resolution, and unless the Tribunal, on proof of fraud or mistake, thinks fit to direct
otherwise, all proceedings taken in the voluntary winding up shall be deemed to have been
validly taken.
(2) In any other case, the winding up of a company by the Tribunal shall be deemed to
commence at the time of the presentation of the petition for the winding up.