Read the full judgment text of HCA 000613/1967 on BabelCite. This High Court CFI judgment was delivered on 2 January 1968.
1. On 12th May 1965 it was ordered that the defendant bank (hereinafter referred to as "the bank") be wound up. The Official Receiver was appointed liquidator. On 12th January 1966 the liquidator wrote to the plaintiff company (hereinafter referred to as "the company") demanding payment of the sum of $1,459,770.72, described in the letter of demand as an overdraft. In March 1967, a petition came before the court for the winding-up of the company; and, upon the hearing of that petition, the compa