In Re Windsor Steam Coal Co [1929] 1 Ch 151 it was held that a liquidator may be liable to the company for negligence if he does anything that causes some loss to the company or its creditors.

Misfeasance of Liquidator—No Wilful Default—Payment in Settlement of Invalid Claim—Liquidator’s Liability to makegood—Trustee or Agent—Claim to Indemnity—” Loss “—Negligence —Trustee Act, 1925 (15 Geo. 5, c. 19), s. 30, sub-s. 1; «. 61.

Russell LJ said:

“…the liquidator, Mr. March, paid away a sum of 15,000 to persons who had no claim to it, knowing that the persons who otherwise would be entitled to those moneys objected to the payment being made”

If you require a copy of the judgment, for just £25 you get this and we will research and provide you with 9 related judgments based upon the case you are wanting to advance. That’s incredible value at just £2.50 per authority. (Option 1)

For a further fee of £25 we will prepare the bundle of authorities for you in the correct court ready format (Option 2).  

Simply complete the form below to order:

£ 0.00

The full PDF judgment in Re Windsor Steam Coal Co 1929 1 Ch 151