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9 Public Interest Petitions

From: Applications to Wind up Companies (4th Edition)

Derek French
Edited By: Stuart Sime

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 02 June 2023

The chapter deals with the powers of the Secretary of State and other public officers and bodies to petition for a company to be wound up in the public interest. A petition for winding up in the public interest can only be presented by a person who is authorized to do so by statute. If it appears to the Secretary of State, from the results of any of various investigatory processes, that it is expedient in the public interest that a company should be wound up, petition for that company to be wound up by the court. A decision to present or not present a public interest petition is subject to judicial review. The fact that a regulatory authority has acted to prevent continuation of a company’s objectionable behaviour is not a reason for refusing a winding-up order in the public interest.

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