Re C & D Webster Ltd (In Liquidation) - [1995] 3 NZLR 590

Company law — Debentures — Debenture given within 12 months of date of liquidation — Debenture agreed to be given to secure debt for products supplied in face of threat to discontinue supply — Debenture executed approximately three months after agreement — Substantial increase in debt by time of execution — Debenture secured increased amount "together with further advances" — Company placed in receivership by prior debenture holder — Whether debenture voidable — Companies Act 1955, s 267 [Companies Act 1993, ss 293, and 294].