Re Austral Group Investment Management Ltd - [1993] 2 NZLR 692

Company law — Liquidation — Company struck off register on ground of not carrying on business — Application by trustees of superannuation fund to restore company to register — Application to wind company up — Purpose of application to enable fund to sue directors for damages — Whether fund a "contingent" or a "prospective" creditor — Status to bring applications — Scope of order for security for costs payable by applicant on application for winding up — Companies Act 1955, ss 219, 321 and 336(7).

Company law — Winding-up application — Scope of order for security for costs — Companies Act 1955, s 219(c).