Source: All England Reporter
Publisher Citation: [2001] All ER (D) 67 (Feb)
Court: Privy Council
Judge:

Lord Steyn, Lord Lloyd of Berwick, Lord Cooke of Thorndon, Lord Scott of Foscote and Sir Patrick Russell.

Judgment Dates: 1 February 2001

Catchwords

Insolvency - Property available for distribution - Company providing security to defendant for judgment sum - Company entering voluntary liquidation - Judgment entered for sum larger than that secured - Defendant entering proof for outstanding sum - Whether hotchpot rule applying to sum received under letter of credit.

The Case

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