16 Sept 2009
IB SHEPHARD AND CM DUNPHY AS LIQUIDATORS OF CARM HOLDINGS LTD (IN LIQUIDATION) V CARM HOLDINGS LIMITED (IN LIQUIDATION) AND ORS HC WN CIV-2009-485-1332
- Citation
- openlaw-32cbc390_48f5_4e78_93b3_d46837e1ace4.pdf
- Court
- High Court
Given the companies were related and their affairs were so intermingled—common management and staff, pooled banking and cash flows, inter-company lending and guarantees, and inability to segregate records or run separate liquidations—and statutory service requirements were satisfied, it was just and equitable under s.271(1)(b) to order the liquidations to proceed together while preserving secured creditors' rights and preferential priorities and treating unsecured claims to rank equally.