Philip Joseph Fava v Ekhlas Zaghloul and others - SC 5/2008

Summary

Civil appeal – Insolvency Act 1967 – High Court declined to approve a composition in satisfaction of debts due to creditors by a bankruptee on the grounds that the composition was not reasonable or calculated to benefit the general body of creditors under s 122(3)(b) - Court of Appeal upheld the decision under s 122(3)(b) and also on the basis that the composition was not expedient to be approved under s 122(3)(d) – whether Court of Appeal erred in failing to allow the appellant the opportunity to make written submissions on the issue of expediency – whether the decision based on expediency was wrong in law.[2007] NZCA 594 CA 568/07 21 December 2007

Additional Information

7April 2008