Rescission or stay of winding-up order refused
In order to rescind a winding-up order, the court must be satisfied that the circumstances of the case are materially different to those before the court that made the winding-up order. A stay of a winding-up order would not be made as an alternative route was available.
On an application to rescind or stay a winding-up order, a director asserted that he would put the company into administration so that the company’s goodwill, name and database could be sold to a third party, which had made an offer conditional on the winding-up order being rescinded…
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Briefings from Taylor Wessing
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