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.
Courts of law have ordered the winding up of companies on this ground in various circumstance namely:
• Fraudulent or illegal purpose
Re Thomas Edward Brinsmead and Sons Ltd.
• Failure of substratum
Re German Date Coffee
• Loss of confidence in management
Loch V. John Blackwood
• Expulsion or exclusion from management
Re Westbourne Gallaries Ltd
• “Bubble” companies
Re London and County Coal
• Oppression of minority
• Deadlock in management and membership
Re Yenidje Tobacco Ltd.