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Re Rica Gold Washing Co

[1879] 11 Ch D 36

Case summary last updated at 23/01/2020 18:30 by the Oxbridge Notes in-house law team.

Judgement for the case Re Rica Gold Washing Co

· To apply for winding-up, any member must have a tangible interest in proceedings

Ø i.e. must stand to receive a more than negligible sum of money upon distribution of assets of company

· Petition must be in good faith

Ø i.e. must be for purpose of recovering money

Ø and not simply to annoy other members