s 459S
In forceCompany may not oppose application on certain grounds
Volume 2Chapter 2L, Part 2L.1 to Chapter 5, Part 5.9 sections 283AA to 600K
Chapter 5External administration
Part 5.4Winding up in insolvency
Division 4Application for order to wind up company in insolvency
459S Company may not oppose application on certain grounds
(1)
In so far as an application for a company to be wound up in insolvency relies on a failure by the company to comply with a statutory demand, the company may not, without the leave of the Court, oppose the application on a ground:
(a)
that the company relied on for the purposes of an application by it for the demand to be set aside; or
(b)
that the company could have so relied on, but did not so rely on (whether it made such an application or not).
(2)
The Court is not to grant leave under subsection (1) unless it is satisfied that the ground is material to proving that the company is solvent.
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