Winding up by Tribunal: insolvency and misconduct grounds permit compulsory liquidation where statutory tests are met. The Tribunal may order winding up where a company is unable to pay its debts, has resolved by special resolution to be wound up by the Tribunal, has engaged in conduct contrary to national security or public order, has had winding up ordered under a specified chapter, has been formed or run for fraudulent or unlawful purposes or its managers guilty of fraud or misconduct as established by the Registrar or authorised person, defaults in filing required financial statements or annual returns for an extended consecutive period, or where winding up is just and equitable.
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.
Winding up by Tribunal: insolvency and misconduct grounds permit compulsory liquidation where statutory tests are met.
The Tribunal may order winding up where a company is unable to pay its debts, has resolved by special resolution to be wound up by the Tribunal, has engaged in conduct contrary to national security or public order, has had winding up ordered under a specified chapter, has been formed or run for fraudulent or unlawful purposes or its managers guilty of fraud or misconduct as established by the Registrar or authorised person, defaults in filing required financial statements or annual returns for an extended consecutive period, or where winding up is just and equitable.
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