High Court Wellington
10 July 1975
Mahon J
10 July 1975
Mahon J
Company law — Petition for winding up — Grounds for granting petition just and equitable — Petitioner holding one half of share capital in a private company, the other half being held by two shareholders — All three shareholders were directors and under the articles the directors could act by a majority — Petitioner having no confidence in his co-directors — Co-directors opposing petition ordered to pay costs — Companies Act 1955, s 217(f).
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