The Weekly Law Reports
[1978] 2 WLR 866
[CHANCERY DIVISION]
In re
GERALD COOPER CHEMICALS LTD. (IN LIQUIDATION)
[No. 001027 of 1977]
1977 Nov. 2,
3;
22
Templeman J.
Company
— Winding up
— Fraud
— Customer paying company in advance for goods not being produced
— Company using moneys advanced to repay loan
— Whether business carried on with intent to defraud company's creditors
— Company in liquidation
— Whether customer entitled to declaration that those accepting repayment of loan personally responsible for moneys advanced
—
Companies Act 1948 (11 & 12 Geo. 6 c. 38), s. 332 (1)