godan verb (-su), transitive verb
dissolve; break up; close down; scrap
Used for formally dissolving or shutting down an organization, company, or plan. Often implies a deliberate, sometimes forceful, termination.
不祥事のため、会社はその子会社を取り潰した。
Due to a scandal, the company dissolved that subsidiary.
予算不足で新規プロジェクトは取り潰された。
The new project was scrapped because of budget shortfalls.