In re Memco Engineering Ltd

Subject Matter

COMPANY — Winding up — Distress — Unpaid value added tax — Distress levied before winding up — Winding up order within three months of distress before sale of distrained goods — Whether distress void as against liquidator — Whether distrainers entitled to proceeds — Whether preferential creditors entitled to charge on distress fund when goods sold — Priority of charges — Companies Act 1948, ss 231, 319(7)

[1986] Ch 86; [1985] 3 WLR 875