PDFTCMSource pn f
The petitioners lacked locus standi to present the winding up petition in the name of the company based on a board resolution rather than a members' resolution, violating the Companies Act and Articles of Association. Without locus standi, the Court lacks jurisdiction to entertain the petition.
Source excerpt
- Winding up
- Locus standi
- Company insolvency
- Board vs member resolution
- Creditor rights