If the company is bound by what was done when it was a going concern, then the liquidator is in no better position. |
A resolution was passed allowing its directors to be given the authority to sell the business as a going concern if necessary. |
While the company is a going concern, separate legal personality can be said to guarantee limited liability. |
But the company denied the businessman was going to take the company on as a going concern and said he was interested only in buying equipment. |
However, the outfitters may close in the New Year if a buyer is not found to take on the business as a going concern. |
Informed sources said they were hopeful that the company could be turned around as a going concern in the coming weeks. |