Past holders of shares in a company are able to make an application to the court for an insolvent company to be would up.

Name: Past holders of shares in a company are able to make an application to the court for an insolvent company to be would up.
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Past holders of shares in a company can make an application for a company to be wound up under certain circumstances, such as if the company is insolvent. This is outlined in various company law statutes such as the Companies Act 2006 (UK).

Past Holders of Shares in a Company Are Able to Make