Investigation continuance despite winding up: inspections proceed and directors remain liable for investigatory findings by law. An investigation under this Chapter may proceed despite an application under section 241, a special resolution for voluntary winding up, or pending winding up proceedings before the Tribunal; if the Tribunal makes a winding up order the inspector must inform the Tribunal and the Tribunal may make appropriate orders, and the winding up order does not absolve directors or employees from participation in the investigation or from liabilities resulting from the inspector's findings.
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.
Provisions expressly mentioned in the judgment/order text.
Investigation continuance despite winding up: inspections proceed and directors remain liable for investigatory findings by law.
An investigation under this Chapter may proceed despite an application under section 241, a special resolution for voluntary winding up, or pending winding up proceedings before the Tribunal; if the Tribunal makes a winding up order the inspector must inform the Tribunal and the Tribunal may make appropriate orders, and the winding up order does not absolve directors or employees from participation in the investigation or from liabilities resulting from the inspector's findings.
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