provisional liquidationurgencycompany winding upjust and equitable
Tags
company lawurgent applicationliquidation
legislation
Statutes Cited
Companies Act
Companies Act
ai analysis
Case Summary
Key Issues
{"issue_text":"Whether the application for provisional liquidation is urgent","issue_type":"procedural","dispositive":"yes","related_facts":"Applicant excluded since August 2019, discovered new company September 2019, filed October 2019"}
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background
Facts of the Case
Background
The applicant, a co-director and shareholder of Cake Fairy Pvt Ltd, sought urgent provisional liquidation of the company claiming he had been excluded from its management since August 2019. He discovered in September 2019 that his co-director (2nd respondent) had incorporated a similar company in Harare. The court found the matter was not urgent as the exclusion occurred two months prior.
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