Winding up of a company may be either:

• By the Company (voluntary)
• By the Court upon application by:

–        The Creditors (involuntary/compulsory)

–        By an application of the CBTT acting under its powers (involuntary/compulsory)

Where a company has been placed into compulsory liquidation, the Court may either appoint an Official Receiver, or a Liquidator, or both to wind up the company.