Legal Analysis: Article 7 of the newly revised Judicial Interpretation of the Company Law stipulates that a company shall, in accordance with Article 70 of the General Principles of the Civil Law and Article 183 of the Company Law, set up a liquidation group within 15 days from the date of dissolution and start its own liquidation. In any of the following circumstances, if creditors, shareholders, directors or other interested parties apply to the people's court to appoint a liquidation group for liquidation, the people's court shall accept it: (1) Failing to set up a liquidation group for liquidation within the time limit after the dissolution of the company; (two) although the liquidation group was established, it deliberately delayed the liquidation; (3) Illegal liquidation may seriously harm the interests of creditors or shareholders. The subjects who can apply to the court for liquidation before the amendment are: shareholders and creditors. After the amendment, the subjects who can apply to the court for liquidation are: shareholders, creditors, directors and other interested parties.
Legal basis: Article 69 of the Civil Law of People's Republic of China (PRC) is dissolved under any of the following circumstances: (1) The time limit stipulated in the articles of association of the legal person expires or other reasons for dissolution stipulated in the articles of association of the legal person appear; (2) The corporate body is dissolved by resolution; (3) It needs to be dissolved due to the merger or division of a legal person; (4) The legal person has its business license and registration certificate revoked according to law, and is ordered to close down or be revoked; (5) Other circumstances stipulated by law.