The court is only able to make an order for a company to be wound up if the company is insolvent.

Name: The court is only able to make an order for a company to be wound up if the company is insolvent.
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Question

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Courts can order a company to be wound up for reasons other than insolvency, such as when the company has acted against public interest or there is a deadlock in management making it just and equitable to wind up.

The Court Is Only Able to Make an Order for a Company