M.F.N. Construction Co. Ltd., Re [1988] IESC 6 (12 May 1988)

M.F.N. Construction Co. Ltd., Re [1988] IESC 6 (12 May 1988)

The court held that the company was unable to pay its debts and that it was just and equitable to order its winding up.

Citation
[1988] IESC 6
Parties
Applicant: M. F. N. Construction Co. Ltd.
Jurisdiction
Ireland
Judgment Date
12 May 1988
Procedural Posture
Company Law Winding Up / Supreme Court Appeal
Outcome
Order for winding up granted
Legal Topics
Winding Up, Liquidation, Corporate Insolvency

Case Brief

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Parties

M. F. N. Construction Co. Ltd.

Applicant

Procedural Posture

Company Law Winding Up / Supreme Court Appeal

  1. 1 Whether the company should be wound up by the court

Ratio Decidendi

The court held that the company was unable to pay its debts and that it was just and equitable to order its winding up.

Court Disposition

Order for winding up granted

Orders

  • The company is to be wound up by the court