What is section 461 just and equitable winding up in Victoria?
Section 461 just and equitable winding up Victoria refers to a court power under the Corporations Act 2001 (Cth) allowing a company to be wound up where fairness, commercial morality, or the company’s original purpose no longer supports its continuation. It can apply even if the company is solvent, particularly in shareholder disputes involving loss of substratum, exclusion from management, quasi-partnership breakdowns, or serious governance issues.
Facing a company breakdown or shareholder dispute?
Just and equitable winding up applications can quickly affect company control, asset value, commercial negotiations and litigation risk. If you are dealing with exclusion from management, loss of substratum, director misconduct or an untenable business relationship, early legal strategy matters.
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Pentana Stanton Lawyers advises directors, shareholders and business owners in complex commercial litigation and corporate governance disputes.
Penny LaGreca is the founder and Principal Solicitor of Pentana Stanton Lawyers. A Monash University graduate admitted early to the Supreme Court of Victoria, she holds a Master of Law specialising in Family, Commercial and Employment Law, and a Master of Wills and Estates Law. With decades of experience across family law, commercial disputes, wills and estates, and employment matters, Penny combines deep legal knowledge with a compassionate, client-focused approach to deliver practical outcomes for her clients.
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