Monday 30 November 2015

Stakeholders allowed to appear before Court as creditor didn't have absolute right to insist winding

CL: Where even though petitioning creditors had made a case for winding up of respondent company on ground of its inability to pay its debts, they had no absolute right to insist on winding up and Court in its discretion was justified in giving time to admit and advertise petitions, so that all stakeholders would be in a position to come before Company Court and be heard in matter before a final decision on winding up was taken

No comments:

Post a Comment