A company was wound up on public interest grounds. The costs were ordered to be paid out of the company’s assets. The Secretary appealed, and on appeal the costs were ordered to be paid by the company’s sole director and shareholder personally. The company was a swindle, and there was no reason why anyone other than the proprietor should lose out if it was not necessary.
Citations:
Gazette 31-Aug-2000
Jurisdiction:
England and Wales
Company, Costs, Insolvency
Updated: 11 May 2022; Ref: scu.89110
