Financial services firm in dispute with founder is seeking to be wound up

▤ Summary

Mentor Financial Services is facing a court dispute after its founder claimed the company and other shareholders tried to force him out. The High Court had already granted interim injunctions to protect his employment and shareholding while the case proceeds. The firm then said it was insolvent and planned an extraordinary meeting to wind itself up, which stopped mediation from going ahead. The judge treated the liquidation move as urgent and asked the defendants to explain why they chose to go into liquidation. The matter may now create immediate operational and legal uncertainty for the company and its shareholders.

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