Bank of New Zealand v Webster Properties Ltd - [1994] 2 NZLR 485

Practice and procedure — Stay of proceedings — Application to stay winding-up application and advertising thereof — Review of Master's decision refusing stay — Jurisdiction of Judge to review — Judicature Act 1908, s 26P(1) - High Court Rules, RR 61C and 264

Company law — Winding up — No scheme of arrangement on part of defendant under s 205 of the Companies Act 1955 - Agreement by co-guarantor under Part XV of Insolvency Act 1967 - Application to stay winding-up application and associated advertising — Whether winding-up proceeding an abuse of the process of the Court — Whether stay should be granted — Companies Act 1955, s 205 - Insolvency Act 1967, Part XV.