In force2022 Revised EditionCurrent version · 2022 Revised EditionSee versions on Attorney General's Chambers(opens the publisher’s site)
Insolvency Act · 2022 Revised Edition · Chapter X
Insolvency Act · 2022 Revised Edition · Chapter X
Official textFrom Attorney General's Chambers, unchanged
If in the course of the winding up of a company it appears that any business of the company has been carried on with intent to defraud creditors of the company or creditors of any other person, or for any fraudulent purpose, subsection (2) applies.
company
“company” means a company incorporated or registered under the Companies Act;
The Court, on the application of the liquidator, may declare that any person who was knowingly party to the carrying on of the business in the manner under subsection (1) is to be liable to make such contribution (if any)
Court
“Court”, in relation to a company, means a court having jurisdiction to wind up the company;
to the company’s assets as the Court thinks proper.
company
“company” means a company incorporated or registered under the Companies Act;
Court
“Court”, in relation to a company, means a court having jurisdiction to wind up the company;
Part