liquidation application definition
liquidation application. , in relation to a company, means an application to the Court for a liquidation order in respect of the company;
liquidation application means the application by CFLCo for liquidation of the Company issued by the Supreme Court of Newfoundland & Labrador General Division on January 21, 2021;
liquidation application. , in relation to a company, means an application to the Court for a liquidation order in respect of the company; “liquidation order”, in relation to a company, means an order of the Court for the liquidation of the company by the Court; “member”, in relation to a company, includes a person who is not a member of a company but to whom shares in the company have been transferred, or transmitted by operation of law; “notice” means notice in writing; “officer”, in relation to a company, means the chief executive officer, or any director, manager or secretary, of the company; “partnership” means a partnership within the meaning of the Partnership Act; “person” includes a partnership, an unincorporated association, a corporation, a co-operative society or an organization, the successors of a partnership, association, corporation, society or organization, and heirs, executors, liquidators of the succession, administrators or other legal representative of a person; “powers” includes rights and authorities; “preferential creditor” means a person to whom a preferential debt is owed; “preferential debts”, in relation to a natural person or a company, means the debts listed in the Second Schedule; “property” includes money, goods, choses in action, land and every description of property, whether real or personal, legal or equitable, and whether located in Kenya or elsewhere, and includes obligations, easements and every description of estate, interest and profit, present or future, vested or contingent in, arising out of or incidental to property; “prescribed bankruptcy level” has the meaning given by subsection (5); “property” includes things in action; “provable debtclaim”, in relation to a bankrupt, means a debtclaim that is provable by a creditor in bankruptcy, administration or liquidation proceedings under Part III;