26 Jul 2011
MCCONNELL DOWELL CONSTRUCTORS LIMITED V HURLSTONE EARTHMOVING LIMITED (IN RECEIVERSHIP) HC AK CIV-2011-404-4410
- Citation
- openlaw-02966655_6de4_4959_adaa_5172066689cb.pdf
- Court
- High Court
Leave was granted because the applicant established it is a prospective contingent creditor and, with receivers appointed, the statutory presumption under s 287(c) supported a prima facie finding that the company was unable to pay its debts, satisfying s 288(5).