Editing Liquidation (section)

===The order===
Once liquidation commences (which depends upon applicable law, but will generally be when the petition was originally presented, and not when the court makes the order),<ref>{{cite web |title=Insolvency Act 1986: Section 129 |url=http://www.legislation.gov.uk/ukpga/1986/45/section/129 |website=legislation.gov.uk |publisher=Crown |access-date=30 July 2014 |archive-date=8 August 2014 |archive-url=https://web.archive.org/web/20140808032938/http://www.legislation.gov.uk/ukpga/1986/45/section/129 |url-status=live }}</ref> dispositions of the company's generally [[void (law)|void]],<ref>{{cite web |title=Insolvency Act 1986: Section 127 |url=http://www.legislation.gov.uk/ukpga/1986/45/section/127 |website=legislation.gov.uk |publisher=Crown |access-date=30 July 2014 |archive-date=8 August 2014 |archive-url=https://web.archive.org/web/20140808032926/http://www.legislation.gov.uk/ukpga/1986/45/section/127 |url-status=live }}</ref> and [[litigation]] involving the company is generally restrained.<ref>{{cite web |title=Insolvency Act 1986: Section 130 |url=http://www.legislation.gov.uk/ukpga/1986/45/section/130 |website=legislation.gov.uk |publisher=Crown |access-date=30 July 2014 |archive-date=8 August 2014 |archive-url=https://web.archive.org/web/20140808031415/http://www.legislation.gov.uk/ukpga/1986/45/section/130 |url-status=live }}</ref>

Upon hearing the application, the court may either dismiss the petition or make the order for winding-up. The court may dismiss the application if the petitioner unreasonably refrains from an alternative course of action.<ref>''Re A Company (No 001573 of 1983)'' [1983] Com LR 202.</ref>

The court may appoint an official receiver, and one or more [[liquidator (law)|liquidators]], and has general powers to enable rights and liabilities of claimants and contributories to be settled. Separate meetings of creditors and contributories may decide to nominate a person for the appointment of a liquidator and possibly of a supervisory liquidation committee.