Almost always, insolvency is the reason why a company is wound up. This process is often initiated by a creditor of the insolvent company. However, insolvency is not the only grounds for winding up. The court may also order the winding up of a...
Under section 461(1)(k) of the Corporations Act 2001 (Cth) a Court may make a winding up order and appoint a liquidator to a company where it is of the opinion that it is just and equitable that the company be wound up....
Almost always, insolvency is the reason why a company is wound up. This process is often initiated by a creditor of the insolvent company. However, insolvency is not the only grounds for winding up. The court may also order the winding up of a...