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But can shareholders petition for a Court winding up in certain cases? e.g. the answer to question 8 of the ACCA specimen is shareholders:
Section 122 Insolvency Act 1986 specifically provides a distinct ground for applying to have a company wound up on the ground that it is just and equitable to do so.
Which of the following parties may petition to have a company compulsorily wound up under that provision?
A Shareholders of the company
B Creditors of the company
C Debentureholders of the company
D The Secretary of State
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