Liquidators of Kosmoid Tubbs, Ltd, Petitioners [1911] ScotLR 9 (20 October 1911)
The Court approved the liquidators' deliverances on the basis that all procedural requirements were met, creditors were notified, no objections were raised, and the application was just and beneficial under the statute.
- Citation
- [1911] ScotLR 9
- Parties
- Petitioners: Liquidators of Kosmoid Tubbs, Limited
- Jurisdiction
- Scotland
- Judgment Date
- 20 October 1911
- Procedural Posture
- Petition for Approval of Liquidators' Deliverances on Creditors' Claims in Voluntary Winding Up / Final Approval by Court, No Answers Lodged
- Outcome
- Petition granted
- Legal Topics
- Voluntary Winding Up, Approval of Liquidator's Deliverances, Ranking of Creditors' Claims
Case Brief
Summary, issues, holding and outcome
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Parties
Liquidators of Kosmoid Tubbs, Limited
Petitioners
Procedural Posture
Petition for Approval of Liquidators' Deliverances on Creditors' Claims in Voluntary Winding Up / Final Approval by Court, No Answers Lodged
Legal Issues
- 1 Whether the Court should approve the liquidators' deliverances on creditors' claims in a voluntary winding-up under section 193 of the Companies (Consolidation) Act 1908
Ratio Decidendi
The Court approved the liquidators' deliverances on the basis that all procedural requirements were met, creditors were notified, no objections were raised, and the application was just and beneficial under the statute.
Court Disposition
Petition granted
Orders
- Approve the deliverances of the liquidators on the whole claims set forth in the state of adjudication
- Rank the claims of the creditors in accordance therewith
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