Section LXVIII:
Application for winding-up to be by petition.
Any application for the
winding-up of a company shall be by petition accompanied by a declaration signed by the
petitioner stating that he verily believes the same to be true : such petition may, in cases
where the Company is unable to pay its debts, be presented either by a creditor or a
contributory ; but where any other ground is alleged for winding -up the Company, a
contributory alone is entitled to present the petition.