Winding-up petition by contingent creditor requires court leave before admission and before advertisement when conditions exist. A contingent or prospective creditor presenting a winding-up petition must accompany it with the statutory application for leave of the Court; no advertisement of the petition may be made until leave is granted, and if leave is granted subject to conditions precedent, such conditions must be satisfied before any advertisement or admission of the petition.
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Provisions expressly mentioned in the judgment/order text.
Winding-up petition by contingent creditor requires court leave before admission and before advertisement when conditions exist.
A contingent or prospective creditor presenting a winding-up petition must accompany it with the statutory application for leave of the Court; no advertisement of the petition may be made until leave is granted, and if leave is granted subject to conditions precedent, such conditions must be satisfied before any advertisement or admission of the petition.
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