Liquidation Order to defer Dissolution
An Order to defer Dissolution refers to a legal directive issued by the court to delay or postpone the dissolution of a company that is in the process of being struck off the Companies Register.
Dissolution refers to the process by which a company is formally removed from the register of companies, ceases to exist as a separate legal entity, and its name becomes available for use by other businesses. This typically occurs when a company has completed the necessary steps for dissolution, including settling its debts, notifying HM Revenue and Customs (HMRC), and fulfilling other legal requirements.
However, in certain situations, the court may issue an Order to defer Dissolution, effectively halting the dissolution process. This order is typically granted when there are valid reasons to delay or suspend the dissolution. The reasons may vary but could include ongoing legal proceedings, unresolved creditor claims, or other outstanding issues related to the company’s affairs.
By issuing an Order to defer Dissolution, the court ensures that the company remains on the register and its legal existence is preserved. This provides an opportunity for interested parties, such as creditors, shareholders, or the company itself, to address the outstanding matters or seek a resolution before the dissolution proceeds.
During the deferment period, the company and its stakeholders may have an opportunity to resolve any outstanding issues or negotiate agreements with creditors. Once the issues are resolved, the court may lift the Order to defer Dissolution, allowing the dissolution process to resume.
It is important for the company and its stakeholders to adhere to any instructions or requirements set forth by the court during the period of deferment. Failure to comply or address the outstanding matters within the specified timeframe may result in the court proceeding with the dissolution of the company.
Overall, an Order to defer Dissolution provides a temporary reprieve, allowing for the resolution of outstanding matters and the potential preservation of the company’s legal existence.
These notices are filed with Companies House against the registered company number. All UK company liquidation notices and updates are tracked centrally by Doorda.