CORPORATIONS - winding up - application to set aside transactions as void against the liquidator pursuant to s358 and s452 of Companies (NSW) Code - mortgages and charges - gold loan facility - whether funds used in repayment subject to security - charged deposits - whether creditor could have security over debt owed to depositor - set off - automatic operation on bankruptcy - operation where transaction prior to winding up commencement but on same day
PRECEDENT - conflicting decisions - long standing Australian decision - recent obiter of House of Lords but on direct point
Acts Cited:
Case Details
Citation[1999] NSWSC 915
CourtNSWSC
JurisdictionNew South Wales
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