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Court of Appeal Wellington
17 July; 18 August 1981
Davison CJ, Richardson and McMullin JJ
17 July; 18 August 1981
Davison CJ, Richardson and McMullin JJ
Company law — Powers of directors — Directors of company in receivership commenced an action against receiver and debenture holder challenging validity of debenture — Receiver applied to strike out action — Whether action should be struck out.