204 Early dissolution (Scotland)
Insolvency Act 1986 (1986 c 45) | Legislation

204  Early dissolution (Scotland)

(1)     This section applies where a winding-up order has been made by the court in Scotland.

(2)     If after a [liquidator has been appointed] under section 138 (appointment of liquidator in Scotland) it appears to the liquidator that the realisable assets of the company are insufficient to cover the expenses of the winding up, [the liquidator may at any time apply] to the court for an order that the company be dissolved.

(3)     Where the liquidator makes that

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