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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › LIQUIDATION
32.5 Which of the following CANNOT petition for the compulsory liquidation of a company on the grounds of
insolvency under s 122 Insolvency Act 1986?
? The board of directors
? The members of the company
? The company’s creditors
? The Secretary of State
ANS- The members of the company
Good day sir, Please can you explain why the members of the company cannot petition for a compulsory liquidation on the grounds of insolvency
Just answered that!
