High Court Wellington
21, 26 March; 2 August 1996
Master Anne Gambrill
21, 26 March; 2 August 1996
Master Anne Gambrill
Bankruptcy and insolvency — Proposals under Part XV of the Insolvency Act 1967 — Proposed scheme of arrangement approved by the High Court — Subsequent private arrangement rendering scheme invalid — Whether scheme at an end on completion of the period of the proposal — Application by creditor for leave to maintain proceeding against debtor on private arrangement — Whether leave should be granted after completion of proposal — Whether other creditors should be heard on application — Insolvency Act 1967, ss 143, 144 and 145.
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