Loan and Mercantile Company.
AN IMPORTANT CASE. (Per Press Association.) Melboubnk, This Day. An important action affecting English companies doing business in Victoria, and now reconstructed, came before the Supreme Court., A plaintiff sued the N.Z.L. and M.A. Company, to recover i£3700 with interest, the plaintiff refusing to recognise the reconstruction scheme, and contending that an order of an English Court was not binding on the creditors in Yiqtori^. Tho defendants asked to be allowed to defend the action on the ground that reconstruction was sanctioned by the Court of domicile was binding on tho creditors all over the world. Justice Hood said the point was too important to be decided on application by a plaintiff fox leave to enter up a summary judgment, and he refused the summons, with costs, leaving the case t6 j be tried iv the ordinary "way.
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Bibliographic details
Feilding Star, Volume XVI, Issue 195, 16 February 1895, Page 2
Word Count
142Loan and Mercantile Company. Feilding Star, Volume XVI, Issue 195, 16 February 1895, Page 2
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