Liquidation Expenses Principle - Definition - Law Dictionary Home Dictionary Definition liquidation-expenses-principle

Definition :

Liquidation expenses principle, is a statement of how, in general, the court will exercise its discretion in a common form set of circumstances, Lundy Granite Co. (in re:); Heavan Ex parte, (1871) LR 6 Ch. App 462; see also Oak Pits Colliery Co. (in re:), (1882) 21 Ch D 322.