Acme Engineering Limited v Peter Esmond Farrell and Simon Paul Rogan as liquidators of Contract Engineering Ltd - SC 79/2013
Summary
Company law – Liquidation – Voidable transactions – Meaning of “gave value” under s 296(3)(c) of the Companies Act 1993 – Whether value must be given at the time payment is received from the company – Whether “new or additional value” must be provided at the time of receipt of such payment – Whether value received by the company at the time of the creation of an antecedent debt constitutes value.[2013] NZCA 91 CA 783/2012
Additional Information
Notice of abandonment being lodged, the application for leave to appeal is deemed to be dismissed.
26 September 2013