Principle

 COMPANY LAW — Winding Up — Just and Equitable Ground — Petition by Contributory — Requirements

Area of law
COMPANY LAW
Court
Supreme Court

Winding up on just and equitable grounds is a discretionary remedy of last resort. The petitioner must exhaust all other available remedies—such as internal dispute resolution mechanisms or statutory remedies—before resorting to winding up. The petitioner must act in good faith and not use the…

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