19 Nov 2010
ALF NO 9 PTY LTD V PHILLIP GEORGE ELLIS, LYNLEY ANN ELLIS AND JOHN LOUIS COKER AND ORS CA CA701/2009
- Citation
- openlaw-5fe6b40e_bc74_4a6a_835a_f88cfabeb3b0.pdf
- Court
- Court of Appeal
Item 10 of Schedule A, read in context with the schedule and the nature of the transaction, did not transfer IBS' causes of action against the debenture holders or NVestech; those rights remained company property and the liquidators validly assigned them to ALF; the assignment was not void for impermissibly ceding liquidator powers