PAYMENT OF UNCLAIMED DIVIDENDS OR UNDISTRIBUTED ASSETS INTO THE COMPANY LIQUIDATION DIVIDEND AND UNDISTRIBUTED ASSETS ACCOUNT IN A WINDING UP (From Rule 179 to Rule 182)
Leave to withdraw petition required; withdrawal barred before advertised hearing date and remains subject to tribunal orders on costs. A presented winding-up petition cannot be withdrawn without leave of the Tribunal, and withdrawal is subject to compliance with Tribunal orders including costs; if the petition has been advertised as required, an application for leave to withdraw must not be heard before the date fixed in that advertisement for the petition's hearing.
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.
Leave to withdraw petition required; withdrawal barred before advertised hearing date and remains subject to tribunal orders on costs.
A presented winding-up petition cannot be withdrawn without leave of the Tribunal, and withdrawal is subject to compliance with Tribunal orders including costs; if the petition has been advertised as required, an application for leave to withdraw must not be heard before the date fixed in that advertisement for the petition's hearing.
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