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Commerce · Q383

Legal Aspects of Business

Graduate and Post Graduate · Commerce · question 383

Q383

One of the following is the instance where the just and equitable clause for winding-up can be adopted by the Tribunal.

A.
Oppression of minority by the majority
Answer
B.
Inability to pay debts
C.
Commercial insolvency
D.
Reduction of members below minimum

Answer: Option A

Solution

Answer: Option A
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