Re Sarflax Ltd
| Jurisdiction | England & Wales |
| Court | Chancery Division |
| Judgment Date | 1979 |
| Year | 1979 |
| Date | 1979 |
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24 cases
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Liquidator of Leong Seng Hin Piling Pte Ltd v Chan Ah Lek and Others
...invoices and subsequently the judgment sum did not constitute a breach of s 340(1) of the Companies Act, relying on Re Sarflax Ltd [1979] 1 Ch 592 in support of his contention. In that case, the directors ceased trading, collected and distributed the assets to creditors without regard to pe......
- JCT Ltd v Muniandy Nadasan
- Tetuan Sulaiman & Taye v Wong Poh Kun and Another
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Comhlucht Páipéar Ríomhaireachta Teo. (in Voluntary Liquidation) v Údarás na Gaeltachta, G.T. Carpets Ltd (in Voluntary Liquidation) and Vincent Duignan
...284. Re Bank of Hindustan, China & Japan Ex. p. Smith (1867) 3 Ch. App. 125; 37 L.J. Ch. 185; 17 L.T. 339; 16 W.R. 170. Re Sarflax Ltd. [1979] Ch. 592; [1979] 2 W.L.R. 202; [1979] 1 All E.R. 529; (1978) 123 S.J. 97. Re Washington Diamond Mining Co. [1893] 3 Ch. 95; (1893) 62 L.J. Ch. 895; 6......
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2 books & journal articles
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Insolvency Law
...also stated that to ‘defraud’ meant to induce a course of action by deceit. However, following the English case of Re Sarflax Ltd[1979] Ch 592, Ang JC held that the mere preference of one creditor over another did not amount to fraud within the scope of s 340(1). This was so even where the ......
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Case Comments: A global view of business, trade, and property under section 34(1) of the Insolvency Act 24 of 1936
...extend to gathering in assets obtained in the course of business and distributing their proceeds to pay business debts (Re Sarflax Ltd [1979] Ch 592; [1979] 1 All ER 529). Approving of this view, Leach J said that closing the doors of the business was not sufficient to indicate that the tra......
