law: Companies Act, 2013 
  265.
  
    Winding
  
  up of company on report of company administrator.
  1.      If the scheme is not
  
  approved by the creditors in the manner specified in sub-section (2 ) of
  
  section 262, the company administrator shall submit a report to the Tribunal
  
  within fifteen days and the Tribunal shall order for the winding up of the sick
  
  company.
  2.      On the passing of an
  
  order under sub-section (1 ), the Tribunal shall conduct the proceedings
  
  for winding up of the sick company in accordance with the provisions of Chapter
  
  XX.