In re Bryan Construction Company Limited - [1957] NZLR 748

Company — Winding up — Majority of Creditors, with Directors' Concurrence, appointing Committee of Creditors to supervise Affairs of Company and resolving not to go into Liquidation before Completion of Current Contracts — One Creditor petitioning for Compulsory Winding up by Court — No Evidence that Investigation by Independent Officer desirable or Petitioning Creditor prejudiced by Lack of Such Investigation — Company being controlled by Committee acting in Interests of Creditors at Large — Petitioning Creditor's Interests not Different from those of Majority of Creditors — Companies Act 1955, s 219 (1).