16 May 2012
COOPER TRUSTEES LIMITED V LICHFIELD STREET 145 LIMITED HC CHCH CIV-2011-409-002662
- Citation
- openlaw-f356f073_bf88_464c_9340_7652d76a71cc.pdf
- Court
- High Court
The Court found Lichfield was deadlocked, directors could not perform their duties, the company held insurance proceeds but was not meeting creditor obligations and was incurring avoidable losses; the separate Madras dispute did not justify preventing liquidation of this distinct company; accordingly it was just and equitable to wind up Lichfield and appoint liquidators.