Re Dalhoff and King Holdings Ltd - [1991] 2 NZLR 296

Company law — Winding up — Pooling order — Three companies operating as a group were placed into receivership and subsequently liquidation — Liquidators sought pooling order to wind-up the companies together, pool their assets and liabilities and treat all creditors equally and all shareholders equally — Effect of pooling order would be to prefer creditors at expense of some shareholders — Whether rights of creditors of insolvent company weighed more heavily than rights of shareholders — Whether affairs of companies were so intermingled that pooling order should be made — Whether rider should be added to pooling order to preserve interests of one creditor — Companies Act 1955, ss 315 B and 315 C.