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High Court Wellington
CIV-2010-404-5878
2, 7 February 2011
Associate Judge Bell
CIV-2010-404-5878
2, 7 February 2011
Associate Judge Bell
Company law — Statutory demand — Application to put company into liquidation — Cross-demand — “Clear and persuasive” test for cross-demand — Solvency test — Companies Act 1993, ss 241, 287, 289, 290 and 310.
Debtor and creditor — Statutory demand — Cross-demand — Set-off of cross-demand.