High Court Wellington
19 December 1940; 3 February 1941
Fair J
19 December 1940; 3 February 1941
Fair J
Company — Liquidation — Voluntary Liquidation — Compromise of Contingent Claim — Application by Liquidator for Sanction of Court — Reference to Shareholders — Majority in favour of Compromise — Evidence — Onus of Proof — Function of the Court — Companies Act, 1933, ss 192, 242, 244, 248.
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