Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

IN RE ITHACA SHIPPING COMPANY, LTD.

(1950) 84 Ll.L.Rep. 507

CHANCERY DIVISION.

Before Mr. Justice Roxburgh.

Company-Winding up-Petition by judgment creditors-Petition opposed by majority creditor-Alternative request for adjournment - Special circumstances -Petition for winding up of I. Ltd. brought by judgment creditors -Petition opposed by V., director and majority creditor-Proposed scheme for carring on company and for payment of debts - Unsubstantiated assertions by V. as to future prospects.

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