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liquidation |
Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia, Hutchinson | 0.03 sec. |
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liquidation Business a. the process of terminating the affairs of a business firm, etc., by realizing its assets to discharge its liabilities b. the state of a business firm, etc., having its affairs so terminated (esp in the phrase to go into liquidation) How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Flatly rejecting an unsworn document purportedly signed by Giovanni Mahler in support of Navigator Gas' opposition to the winding-up petitions, the Deemster held that, "Mr. Subsequent to petitioning the Supreme Court of Bahamas for permission to wind-up Globe-X, CINAR petitioned the High Court of Justice of Anguilla for enforcement of the Bahamas winding-up order, or alternatively for a winding-up order in Aguilla, since Globe-X has continued its incorporation under the laws of Anguilla. In addition, ILM I Lease Corporation lacks financial, administrative and other resources sufficient to seek shareholder approval of such liquidation, dissolution and winding-up. |
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