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PART XXWinding Up of Companies Registered Under this Act or the Former Companies Acts

CHAPTER IIWinding up by the Court

General powers of court in case of winding up by the court

560Costs of winding up may be made payable out of assets

The court may, in the event of the assets being insufficient to satisfy the liabilities, make an order as to the payment out of the assets of the costs, charges and expenses incurred in the winding up in such order of priority as the court thinks just