23 Feb 2006
SLEEPYHEAD MANUFACTURING CO LTD V DUNPHY AND SHEPHARD HC AK CIV-2005-404-001691
- Citation
- openlaw-6f4b2319_2a9e_4871_bcac_b0ca87f13eb0.pdf
- Court
- High Court
The liquidators, when selling the company's goods, were acting as agents of the company (not third parties); Sleepyhead's registered PPSA security interest had attached and been perfected and constituted a charge within the Companies Act entitling Sleepyhead to priority and possession; the liquidators' sale therefore amounted to conversion and summary judgment was appropriate.