Coupe v J M Coupe Publishing Ltd - [1981] 1 NZLR 275

Company law — Winding up — Estoppel — To keep company afloat, capital was increased and majority of new shares allotted to managing director — After company went into liquidation, director sought to disclaim the new shares alleging that the increases in capital were invalid — Whether director estopped from disclaiming his shares — Whether increases invalid — Companies Act 1955, s 362.