Re Diamond Hangar Ltd

Company – Winding up. The Chancery Division allowed an application by the company and the second applicant former director for the rescission of the winding up order. The company operated a hangar at Stansted Airport. There had been a material change in the circumstances, including that the court that had made the winding up order had had no evidence whatsoever of the reasons for the position the first applicant company had found itself in, or as to its ability to fund its business. Accordingly, rescission would be on the basis that the company appointed an additional director within three months of the order, to ensure that the problems of the past did not recur.

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