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Fraudulent trading means exactly what
it says.
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 Court may declare that any persons who were knowingly
parties to the carrying on the business are to be liable to
make such contributions to company's assets as the court thinks
proper.
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