Principle

COMPANY LAW — Winding Up — Just and Equitable Ground — When Court Will Refuse Order

Area of law
COMPANY LAW
Court
Supreme Court

Section 411(2) of CAMA makes winding up on just and equitable grounds a discretionary remedy of last resort. The court will not grant the order if the petitioner has an alternative remedy and is acting unreasonably in not pursuing it. Additionally, the petitioner must demonstrate…

Read the full principle with Sanctum

Sanctum is the key to all NLC content: judgments, principles, statutes, rules of court and court forms. Choose a plan from 1 month to 36 months.

Get Sanctum Access I’m a member — Log in