CORPORATIONS [196]- Receivership- Group of 12 companies administered by two receiver/managers- Receivers in receipt of surplus- Court approached for directions as to how to deal with surplus- Companies operated on consolidated basis- Affairs intermingled- Difficulties arising in determining individual subsidiary's contribution to holding company's indebtedness when operated on consolidated basis.
Acts Cited:
Corporations Act 2001 (Cth) s 424
Case Details
Citation[2005] NSWSC 692
CourtNSWSC
JurisdictionNew South Wales
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