https://www.taxtmi.com/caselaws?id=97274 The Companies Act winding-up scheme was read as displacing the Crown's bona vacantia claim to dissolved company assets to the extent needed for statutory liquidation to operate effectively. Jurisdiction to wind up a dissolved foreign corporation did not depend on proof that it had previously carried on business in England; assets within the jurisdiction and persons interested in them were sufficient. The court also rejected the view that foreign creditors should be left to an ex gratia Crown distribution, holding that the ordinary statutory insolvency process should govern the fair realization and distribution of assets. The analysis confirms that compulsory winding up may proceed despite a Crown claim, where the statutory conditions are met. en-us Wed, 10 Mar 1954 00:00:00 +0530 Mon, 16 Jan 2012 11:36:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97274 The Companies Act winding-up scheme was read as displacing the Crown's bona vacantia claim to dissolved company assets to the extent needed for statutory liquidation to operate effectively. Jurisdiction to wind up a dissolved foreign corporation did not depend on proof that it had previously carried on business in England; assets within the jurisdiction and persons interested in them were sufficient. The court also rejected the view that foreign creditors should be left to an ex gratia Crown distribution, holding that the ordinary statutory insolvency process should govern the fair realization and distribution of assets. The analysis confirms that compulsory winding up may proceed despite a Crown claim, where the statutory conditions are met. Case-Laws Companies Law Wed, 10 Mar 1954 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97274