| Commentary

19.2 Fraudulent trading

| Commentary

19.2 Fraudulent trading

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 any other person, or for any fraudulent purpose, the court may, on the application of the liquidator, declare that any persons who were knowingly parties to the carrying on of the business in such manner are to be liable to make such contribution (if any) to the company’s assets as the court thinks proper1. Fraudulent trading differs from wrongful trading in a number of respects

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