Re El Pollo NZ Ltd - [1990] 1 NZLR 356

Company law — Scheme of arrangement — Principal shareholder and largest unsecured creditor of insolvent company applied for order summoning meeting of creditors to consider scheme of arrangement — Dominant purpose of scheme was to benefit principal shareholder rather than company — Whether duty of Court extended beyond ensuring compliance with statutory provisions — Whether, if scheme were unacceptable for sanctioning, Court should summon meeting — Whether application should be granted — Companies Act 1955, s 205.