If a company is insolvent (cannot pay its debts when they are due for payment) the members can pass a special resolution to have the company wound up (liquidated). This is called a creditors’ voluntary winding up.
Creditors’ voluntary winding up
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BDLD DESK, ‘Creditors’ voluntary winding up’ (Bangladesh Law Digest, 18 September 2016) <https://bdlawdigest.org/glossary/creditors-voluntary-winding-up> accessed 8 August 2026.
DESK, B. (2016). Creditors’ voluntary winding up. Bangladesh Law Digest. https://bdlawdigest.org/glossary/creditors-voluntary-winding-up
DESK, BDLD. 2016. “Creditors’ voluntary winding up.” Bangladesh Law Digest. https://bdlawdigest.org/glossary/creditors-voluntary-winding-up.
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