29 Mar 2011
CHRISTIE V DORCHESTER FINANCE LTD & ORS HC AK CIV 2011-404-000100
- Citation
- openlaw-a1191eb2_611f_4bf2_bd38_94937867cd32.pdf
- Court
- High Court
Where a filed insolvency proposal has not yet been brought for court approval and all creditors consent, the High Court may exercise its inherent jurisdiction to cancel the proposal; the insolvent has no automatic right to withdraw after the statutory process begins and the trustee must seek leave to withdraw if necessary.