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https://opentuition.com/topic/compulsory-liquidation-follow-up/
Don’t get me wrong – I agree with all that. However ACCA say the answer is D in the official specimen paper answers. I’m just wondering whether as D is not EXPLICITLY referred to in Section 122 (it just falls within ‘just an equitable’) that that may be the reason they’ve said D’s the answer?
That could be correct … but that then makes this a poor question because option A is also correct if the company is not a public company
The Courts don’t like to be too innovative with their just and equitable decisions so option D, not being specifically a just and equitable situation, is also a reasonable choice
Poor question!
OK?
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