Even though he was not a party to the proceedings, the sole owner of a company sought to be wound up on the grounds of public interests by the Secretary of State, could be ordered to pay the costs of the winding up personally. The company’s costs in resisting a successful application should be paid out of the company’s assets, but only after unsecured creditors had been paid where this appeared just. In effect the company had been used to cover a swindle, and large sums had been moved abroad.
Citations:
Times 10-Aug-2000
Jurisdiction:
England and Wales
Company
Updated: 11 May 2022; Ref: scu.89115