4 Aug 2014
MARSHEL EXPORTS LIMITED (IN LIQUIDATION) v. BANK OF BARODA
- Citation
- MARSHEL EXPORTS LIMITED (IN LIQUIDATION) v. BANK OF BARODA
- Court
- Court of First Instance
- Case number
- HCCW274/2012
The court accepted the Bank's evidence that both mortgaged properties were charged to their full value at all material times so there was no reduction of the companies' equity in those properties when the post-petition loans were advanced; therefore no disposition occurred under s182 and the applications fail.