This document discusses how to wind up a sick company according to Indian law. It explains that a company can be wound up through a court order, voluntarily, or under court supervision. The court may order winding up if the company is unable to pay debts, it is just and equitable to do so, or there is a special resolution by members. Creditors, shareholders, or the registrar can apply for winding up. A company can also voluntarily wind up through members or creditors. The court can appoint an official liquidator to oversee winding up under supervision. An unregistered company or one that has ceased operations for over a year can also be wound up.