# The Insolvency (Northern Ireland) Order 1989, Article 177: Fraudulent trading


If in the course of the winding up of a company it appears that any business of the company has been carried on with intent to defraud creditors of the company or creditors of any other person, or for any fraudulent purpose, the High Court, on the application of the liquidator, may declare that any persons who were knowingly parties to the carrying on of the business in such manner are to be liable to make such contributions (if any) to the company's assets as the Court thinks proper.

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Source: https://www.legislation.gov.uk/nisi/1989/2405/article/177 (the official version)
Page: https://openlegislation.uk/insolvency-northern-ireland-order-1989/article-177
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.