Liquidation Flashcards
Re Murphs Restaurant
Petition must be brought on just and equitable grounds - partnership broke down
Vehicle Building Insulation
Business paralysed due to impasse in management
German date coffee
Company purpose can no longer be carried out
Re Shrinkpa
Illegal Fraudulent purpose
Ebrahami -v- Westbourne Galleries (and vehicle insulations)
Petitioner must come with clean hands
Bula Limited
Cannot be seen as an abuse of process
Re Glenport
Ex Debito Justicia no automatic right to w/up - look for ulterior motive
Truck Machinery -v- Maru Koma
Not a means of debt collection
Meridian -v- Eircell
If debt disputed in good faith and substantial grounds, the petition will be dismissed
WMG Toughening Limited
Countersued - petition refused. W/up is not a means of debt collection, might not be disputed but theres a counterclaim. If counterclaim in good faith and substantial grounds, petition should be refused.
Pageboy Couriers
Discretionary remedy, petition disputed on good faith and refused
Stonegate
Injunction - petition should be presented by creditor, not a means of debt collection, until claim is established, no locus standi. Cannot invoke w/up after the debt is disputed - abuse of process
Meridian Limited
“any liability” if 1k admitted and rest disputed, petition can still go ahead.