Commencement of winding up: voluntary resolution fixes start unless fraud or mistake, otherwise petition controls. A company resolution for voluntary winding up makes the commencement the time the resolution was passed and validates proceedings in that voluntary winding up unless fraud or mistake is proven to justify a different direction; where winding up is by petition, commencement is the time the petition is presented.
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Provisions expressly mentioned in the judgment/order text.
Commencement of winding up: voluntary resolution fixes start unless fraud or mistake, otherwise petition controls.
A company resolution for voluntary winding up makes the commencement the time the resolution was passed and validates proceedings in that voluntary winding up unless fraud or mistake is proven to justify a different direction; where winding up is by petition, commencement is the time the petition is presented.
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