Section 147Part 5 — Company Restructuring and Winding Up
Fraudulent trading
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If in the course of the winding up of a company it appears that any business of the company has been carried on with intent to defraud creditors of the company or creditors of any other person or for any fraudulent purpose the liquidator may apply to the Court for a declaration u nder this section.
The Court may declare that any persons who were knowingly parties to the carrying on of the business in the manner mentioned in subsection (1) are liable to make such contributions, if any, to the company ’ s assets as the Court thinks proper.