Document ID: chunk:federal_register_of_legislation:C2025C00185:section:459t
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 459T
Character Range: 1725359–1725904

459T  Application to wind up joint debtors in insolvency
 (1) A single application may be made for 2 or more companies to be wound up in insolvency if they are joint debtors, whether partners or not.
 (2) On such an application, the Court may order that one or more of the companies be wound up in insolvency, even if it dismisses the application in so far as it relates to another or others.

Part 5.4A—Winding up by the Court on other grounds
Note: This Part applies to a sub‑fund of a CCIV in a modified form: see Division 5 of Part 8B.6.