Official Receiver v Barreto (Civil Appeal No. 22 of 1938)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
Where goods are sold in execution of a judgment exceeding four hundred shillings and the bailiff receives notice of a bankruptcy petition within fourteen days of the sale, section 43(2) of the Bankruptcy Ordinance, 1930 requires the bailiff to pay the proceeds (less costs) to the Official Receiver, who is entitled to retain them as against the execution creditor for the benefit of the general body of creditors. The section deprives the execution creditor of the fruits of the sale even though execution was completed before the bankruptcy petition was presented.
Outcome
Appeal allowed; Official Receiver entitled to retain execution proceeds as against execution creditor under section 43(2) of the Bankruptcy Ordinance, 1930.
Facts
On 13 September 1938, a debtor's goods were sold in execution of a decree for more than Sh. 400 which had been passed in the respondent's favour. On 14 September 1938, a bankruptcy petition was presented against the debtor and on the same day notice thereof was given to the bailiff. On 15 September 1938, an interim receiver was appointed and on 4 October 1938 a receiving order was made on the petition. Meanwhile, on 27 September 1938, the execution creditor applied for an order for payment to him of the moneys received by the Official Receiver from the bailiff in respect of the proceeds of the sale in execution. The application was granted by Lucie-Smith, J. The Official Receiver appealed.
Issues
- Whether the Official Receiver was entitled to retain the proceeds of a sale in execution under section 43(2) of the Bankruptcy Ordinance, 1930, where goods were sold on 13 September 1938, notice of a bankruptcy petition was given to the bailiff on 14 September 1938, and a receiving order was made on 4 October 1938.
Orders
- Appeal allowed.
- Order of the lower court set aside.
- Costs in this Court and the Court below awarded to the Official Receiver.
- Order for costs against Colonial General Stores, Ltd. set aside.
Rules and key headnotes
Legislation cited (4)
- Bankruptcy Ordinance, 1930 (Kenya) s.43(2)
- Bankruptcy Ordinance, 1930 (Kenya) s.42
- Bankruptcy Act, 1883 s.46(2)
- Bankruptcy Act, 1869 s.87
Cases cited (5)
- Latter v Juckes and Page [1927] 1 KB 17
- In re Pearce ex parte Crossthwaite (1886) 14 QBD 966
- Figg v Moore Brothers [1894] 2 QB 690
- Ex parte Villars in re Rogers (1871) LR 9 Ch 432
- Re Andrew, Official Receiver v Standard Range Foundry Co [1936] 3 All ER 450
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.