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Idb (Winding-Up)

Volume 116: debated on Friday 15 May 1987

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asked the Secretary of State for Trade and Industry whether he intends to apply in the courts for a winding-up petition in the case of IDB.

IDB's licence under the Prevention of Fraud (Investments) Act 1958 to deal in securities was revoked on 1 May. My right hon. Friend will exercise the other powers available to him if he considers the circumstances make it right to do so.