Rendell v Doors and Doors Ltd (in liquidation) - [1975] 2 NZLR 191

Company law — Receiver appointed under debenture — Agreement that current trading accounts to have priority over existing debts — Subsequent winding up of company — Set-off — Claim to set-off debt owed by company before receivership against debt incurred by claimant after winding up and owing to company — Effect of crystallisation of floating charge on pre-existing debts owed by the company — Insolvency Act 1967, s 93.