When the Court makes no order on a petition to wind up, the shareholders supporting it get no costs, and the shareholders resisting it get no costs unless personally assailed. But when the Court makes the winding-up order, the shareholders or creditors supporting it get one set of costs between them.
Citations:
[1866] EngR 125 (B), (1866) 35 Beav 346
Links:
Jurisdiction:
England and Wales
Insolvency, Costs
Updated: 07 December 2022; Ref: scu.280836