Describe the circumstance under which a company may be wound up on the ground that it is „just and equitable‟ to do so.

Under Section 219 (f) of the Companies Act, “a company may be wound up by the court, if the court is of the opinion that it is just and equitable, that the company should be wound up.” Companies have been wound up on this ground in the following circumstances:

• Fraudulent or illegal purpose

Inte Thomas Edward Brinsmead & Sons Ltd

• Failure of the substratum

Inre German Date Coffee.
 Inre Baku Consolidated Oil Fields.
 Inre Amalgamated Syndicate.
• Loss of confidence in the management

Loch v John Blackwood

• Expulsion or exclusion from management

Inre Westbourne Galleries Ltd
 Inre Lundie Brothers Ltd
• The company is „a bubble‟

Inre London and County Coal Ltd

• Oppression of Minority
• Deadlock in management and membership

Inre Yenidje Tobacco Ltd
 Inre Modern Retreading Ltd

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