1 Nov 2012
PETER ESMOND FARRELL AND SIMON PAUL ROGAN AS LIQUIDATORS OF CONTRACT ENGINEERING LIMITED (IN LIQUIDATION) V ACME ENGINEERING LIMITED HC ROT CIV 2012-463-000175
- Citation
- openlaw-b09c2f5e_9915_4bec_8c2e_b6a1a03343fd.pdf
- Court
- High Court
Although the liquidators proved the company was insolvent at the relevant time, the respondent satisfied s 296(3) by proving it acted in good faith, had no reasonable grounds to suspect insolvency, and had given value (supplied the contracted flash silencer); accordingly the payments were not recoverable and the application was dismissed.