Section 125(2)

If the petition is presented by members of the company as contributories on the ground that it is just and equitable that the company should be wound up, the court, if it is of opinion— shall make a winding-up order; but this does not apply if the court is also of the opinion both that some other remedy is available to the petitioners and that they are acting unreasonably in seeking to have the company wound up instead of pursuing that other remedy. that the petitioners are entitled to relief either by winding up the company or by some other means, and that in the absence of any other remedy it would be just and equitable that the company should be wound up,

← 1 · All articles · 126 →

Source: legislation.gov.uk · retrieved 2026-09-04