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KembaraXtra – Legal Terms – Misfeasance Summons
A misfeasance summons is an application made to the court during the winding-up of a company under insolvency law.
It allows creditors, contributories, liquidators, or the official receiver to request investigation into the conduct of company officers or others suspected of breaching duties owed to the company.
If wrongdoing is established, the court may order restitution, repayment, or compensation to restore losses suffered by the company.
A misfeasance summons is an application made to the court during the winding-up of a company under insolvency law.
It allows creditors, contributories, liquidators, or the official receiver to request investigation into the conduct of company officers or others suspected of breaching duties owed to the company.
If wrongdoing is established, the court may order restitution, repayment, or compensation to restore losses suffered by the company.
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