IN THE MATTER OF THE PETITION FOR WINDING UP OF GOLDEN PEACOCK CO
The company has passed a special resolution to wind up, is unable to pay its debts, and its liabilities exceed its assets. The requirements of the Companies Act for winding up are satisfied. No objections were raised, and all procedural requirements were met.
Source excerpt
- Winding up of companies
- Voluntary liquidation
- Appointment of official receiver