The Law Reports (Chancery Division)
[1963] Ch 565
[CHANCERY DIVISION]
In re
EROS FILMS LTD.
In re COMPANIES ACT, 1948.
[00934 of 1962.]
1962 Dec. 14,
17.
Buckley J.
Company
— Winding up
— Voluntary liquidation
— Notices of meeting of creditors
— Company subsequently required to honour guarantees in respect of debts
— Debts thereupon assigned to assignee being a subsidiary of assignor company and debtor to company in voluntary liquidation
— Whether notice of meeting of creditors analogous to filing of declaration of inability to pay debts under bankruptcy legislation
— Whether assignee entitled to benefit of mutual credit and set-off
—
Companies Act, 1948 (11 & 12 Geo. 6, c. 38), ss. 222, 293 (1), 317, 325 (1)
—
Bankruptcy Act, 1914 (4 & 5 Geo. 5, c. 59), ss. 1 (1), 31, 40 (1), 167.