Principle

COMPANY LAW — Winding Up — Section 417 of Companies and Allied Matters Act — Proceedings by Company

Area of law
COMPANY LAW
Court
Supreme Court

Section 417 of CAMA protects companies in winding up from being sued without leave. It does not prevent them from suing others. The provision should not be read to deny access to court. The company may initiate proceedings against third parties without leave. The section…

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