A liquidation ordered by the Court as a result of a petition presented to the Court, usually by a creditor. This is the only method by which a creditor can force the liquidation of a debtor company.
The placing of a company into liquidation as a result of an application through the court, normally by a creditor.
The company is put into liquidation as a result of an order of the court. Normally the order of the court is made upon the application of a creditor of the company.
Also referred to as 'compulsory winding up'. A liquidation procedure which is initiated by either a creditor, the company or a shareholder petitioning the court, normally for unpaid debts which results in the court making a winding up order.
Where the court put a company into liquidation normally on the basis of insolvency
the winding-up of a company after a winding-up order has been made by a court
Liquidation of a company brought about by a court order, usually as the result of a petition by an unpaid creditor.
Winding up of a company after a petition to the Court, usually be a Creditor.
Liquidation (qv) initiated through the Court.
The placing of a company into liquidation as a result of an application to the court, usually by a creditor.
Winding up of a company after a petition to the court normally by a creditor.
This occurs where a petition is made to the court to wind up the company. Such petitions are normally presented by creditors.
A compulsory liquidation of a company is a liquidation ordered by the Court. This is usually as a result of a petition presented to the Court by a creditor and is the only method by which a creditor can bring about a liquidation of its debtor company.
Under Chapter IV of Part IV of the Insolvency Act 1986, liquidation of a company by court order on the petition of creditors, members or the company itself using procedures contained in the Insolvency Act 1986.
