The Weekly Law Reports
[1982] 1 WLR 1410
[COURT OF APPEAL]
STANDARD CHARTERED BANK LTD. v. WALKER AND ANOTHER
[1981 S. No. 941]
1982 June 14,
15,
16,
17
Lord Denning M.R., Watkins and Fox L.JJ.
Company
— Debenture
— Receiver
— Appointed by debenture holder
— Receiver deemed to be company's agent
— Debenture securing company's bank overdraft
— Payment of sums due guaranteed by directors
— Receiver selling assets under power in debenture
— Allegation that assets sold at undervalue
— Whether receiver owing duty of care to guarantors in realisation of assets
— Whether debenture holder Liable for receiver's acts