Part IV Winding Up of Companies Registered under the Companies Acts
Chapter V Provisions Applying to both kinds of Voluntary Winding Up
116 Saving for certain rights.
The voluntary winding up of a company does not bar the right of any creditor or contributory to have it wound up by the court; but in the case of an application by a contributory the court must be satisfied that the rights of the contributories will be prejudiced by a voluntary winding up.