Winding up petitions: compulsory winding up allowed only where voluntary process cannot protect creditors' or contributories' interests. A petition for compulsory winding up may be presented during a voluntary winding up by persons authorised under the enabling provision or by the Official ... Summary
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Winding up petitions: compulsory winding up allowed only where voluntary process cannot protect creditors' or contributories' interests.
A petition for compulsory winding up may be presented during a voluntary winding up by persons authorised under the enabling provision or by the Official Liquidator. A judicial authority may not make a winding up order on such a petition unless satisfied that the voluntary winding up cannot be continued with due regard to the interests of creditors or contributories.
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