High Court: (a) grants a petition to wind up a hotel company, on the grounds that the company it is unable to pay its debts and that there has been a complete breakdown in the companies relations resulting in an inability to reach agreement; and (b) appoints a liquidator to facilitate the winding up the company and to prepare a statement of affairs of the company.
Companies Act 2014 – winding up a company - section 569 of the Companies Act - Petition to wind up Hotel on the grounds that it was unable to pay its debts or on the basis that the winding up would be just and equitable – company indebtedness - statement of affairs – grants order to wind up company – just and equitable to wind up the company – grants petition.