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an order to wind up Scotpigs Limited in terms of Sections 122, 123 and 124 of the Insolvency Act 1986
"It is abundantly clear to me that there is deadlock between [the Simmers family and the petitioner]."
"In respect that [Arthur Simmers] has given notice of his intention to exercise his right of buy-out of [the petitioner's] properties and shares, to regulate the position of the company in the interim pending completion of the buy-out by removing [the petitioner] as director of Scotpigs Limited ..."
Lord Carloway refused to grant the motion. Reference is made to his Opinion dated 17 December 2003.
Company unable to pay its debts as they fall due: sections 122(1)(f) and 123(1)(e)
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