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Companies Law - Highlights / Catch Notes

Home Highlights May 2013 Year 2013 This

Winding up – The law does not impose an unreasonable condition ...


Secured Creditors Can Petition for Company Winding Up Without Relinquishing Security for Unpaid Debts.

May 1, 2013

Case Laws     Companies Law     HC

Winding up – The law does not impose an unreasonable condition of requiring a secured creditor to forsake his security before he asserts a right to urge that a company which is unable to pay its debts should be wound up. - HC

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