CORPORATIONS — directors — duties of directors — company's sole asset sold — sole director fails to account in any way for proceeds — vague statement as to part that it was used to pay unspecified debts — evidence as to another part that it was given to daughter-in-law to enable her to pay off her home mortgage — findings of breach of duty by director as to three sums — funding of "knowing receipt" by daughter-in-law as to one of these.
Case Details
Citation[2011] NSWSC 479
CourtNSWSC
JurisdictionNew South Wales
Unlock so much more with Barrister AI
The full text is available to signed-in members, including the 4 later cases that cite this judgment.
