Company investigations continue despite voluntary winding up or pending winding-up proceedings; tribunal may direct and directors remain liable. An investigation may be initiated and shall not be stopped or suspended solely because of an application under section 241, a special resolution for voluntary winding up, or any other pending winding-up proceeding; where the Tribunal makes a winding-up order the inspector must inform the Tribunal and the Tribunal may make such orders, and a winding-up order does not absolve any director or employee from participating in the inspector's proceedings or from liability arising 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.
Company investigations continue despite voluntary winding up or pending winding-up proceedings; tribunal may direct and directors remain liable.
An investigation may be initiated and shall not be stopped or suspended solely because of an application under section 241, a special resolution for voluntary winding up, or any other pending winding-up proceeding; where the Tribunal makes a winding-up order the inspector must inform the Tribunal and the Tribunal may make such orders, and a winding-up order does not absolve any director or employee from participating in the inspector's proceedings or from liability arising from the inspector's findings.
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