Southern Cross Construction Limited (In Liquidation) v Southern Cross Club Limited - [1973] 1 NZLR 708

Company law — Voluntary winding up — Proof of debts — Assignment of debt owing by company — Set-off — Notice of "available" act of bankruptcy — Failure to declare — No notice of "available" act of bankruptcy — Companies Act 1955, s 307; Insolvency Act 1967, ss 2, 23, 42, 93.

Bankruptcy and insolvency — Set-off and mutual credit — Assignment of debt owing by bankrupt by creditor to a debtor of the bankrupt — Credit given by assignee to bankrupt at date of assignment — Notice of "available" act of bankruptcy — Failure to declare notice of available act of bankruptcy — Insolvency Act 1967, ss 2, 23, 42, 93.