Corporation - winding up. Application under s564 of the Corporations Act by creditor who granted indemnity and provided funds for liquidator to conduct examinations under Part 5.9.
Held: Litigation in the first limb of s564(a) included examinations under Part 5.9. A cause of action is property within the second limb of s564(a) which may be preserved so long as there has been a settlement of the cause of action and the proceeds recovered.
Acts Cited:
Case Details
Citation[2002] NSWSC 1061
CourtNSWSC
JurisdictionNew South Wales
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