Preston Farm Ltd v Managh - [2004] 1 NZLR 629

Company law — Voidable preferences — Sale of equipment by insolvent company to plaintiff increasing amount owed by plaintiff to company — Certain debts of insolvent company paid by other companies — Plaintiff's debt eliminated by entry in accounts of insolvent company — Whether plaintiff received more in satisfaction of debt than otherwise received in liquidation — Whether voidable preferences — Companies Act 1993, ss 292 and 294.