THE NBC LTD VS MOHAMED TRANS LTD CONSOLIDATED COMM CAUSE NO
A petition by a creditor under section 265 of the Companies Act for discharge of an administration order constitutes legal proceedings and requires leave of the court under section 250(3)(d); absence of such leave renders the petition incompetent and liable to be struck out.
Source excerpt
- Administration order
- Leave of court
- Creditor rights
- Companies act interpretation