A Court can order the winding-up of a company on various grounds (Section 569 - Companies Act 2014) including:
• where the company has by special resolution resolved that the company be wound up by the Court;
• where the company has not commenced business within one year of incorporation or suspends its business for a whole year;
• where the members of the company are all deceased and no longer exist;
• where the company is unable to pay its debts;
• where the Court is of the opinion that it is just and equitable that the company should be wound up;
• where the company’s affairs are being conducted, or the powers of the directors are being exercised, in a manner oppressive to any member or in disregard to their interests as a member;
• where the Court is satisfied, on a petition of the Director, that it is in the public interest that the company should be wound up.
A range of parties can petition the High Court for the appointment of a liquidator, including:- the company itself, any creditor of the company, members or persons required to contribute to the assets. The petition must be advertised.
Details of the process and the statutory filing requirements are available on the CRO website.