Article 87 - Commencement of winding up

(1) Subject to (2), a winding up by the QFC Court is deemed to have commenced at the time of the making of the winding up application.
(2) If, before the application for the winding up of the Company was made to the QFC Court, a resolution had been passed by the Company for voluntary winding up, the winding up is deemed to have commenced at the time of the passing of the resolution.