Commentary

232.4 Application by dissenting member for court order restraining sale

COMPANIES vol 11 acquisitions, mergers, demergers
| Commentary

232.4 Application by dissenting member for court order restraining sale

| Commentary

232.4 Application by dissenting member for court order restraining sale

If a dissenting member fails to serve notice on the liquidator of his dissent from the proposed sale within the permitted seven days, he may in any event still seek to prevent that sale being carried out by applying to the court for an order to that effect in the voluntary liquidation of the original company1. Alternatively, he could consider petitioning for the company to be wound up by the court. If the court considers that the arrangement for the sale is unfair, it will make a winding-up

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