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Westpac Banking Corporation v Nangeela Properties Ltd - [1986] 2 NZLR 1

$30.00

Court of Appeal Wellington
7, 20 May 1986
Richardson, McMullin and Somers JJ
Company law — Winding up — Voidable preference — Payment made by company's solicitors to bank two weeks before liquidation — Whether payment made with a view to preferring a creditor — Whether bank had altered its position after receipt of the payment — Whether liquidator was entitled to interest on money ordered to be recovered from bank — Judicature Act 1908, s 87 — Companies Act 1955, ss 309 and 311A(7).

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