Re California Productions (NZ) Ltd (in liquidation) and Another - [1976] 1 NZLR 176

Company law — Voluntary winding up — Meetings and resolutions for winding up — Bank manager representing bank, a secured creditor, voting on resolution to appoint liquidator without valuing security — Liquidator claiming security thereby surrendered — Manager ignorant of law in respect of secured creditor — Omission to value security due to "inadvertence" - Company (Winding up) Rules 1956, r 120.