Taxi Trucks Ltd v Nicholson - [1989] 2 NZLR 297

Company law — Winding up — Disputed debt — Creditor served notice under s 218 of Companies Act seeking winding-up of company — Company disputed both existence and quantum of debt and sought stay — High Court held that debt was proved and refused stay — Company appealed — Whether winding-up proceedings were appropriate when there was genuine dispute over debt - whether stay should be granted — Companies Act 1955, s 218 - High Court Rules, R 700K.