A stay on the basis of risk of winding up requires the director to give direct evidence about the likely support of related-party lenders, particularly where there is a history of such support, and to adequately explain any deterioration in financial position.
The full text is available to signed-in members, including the 2 later cases that cite this judgment.
2 of the 2 citing cases carry a classified treatment. How each court treated it is available to signed-in members.