https://www.taxtmi.com/caselaws?id=96795 A local authority entitled to recover rates by distress was treated as a creditor for the purposes of section 170 of the Companies Act 1929 and could present a winding-up petition. The Court held that the inability to sue for arrears of rates did not control the section 170 inquiry; the statutory scheme instead characterised local rates as debts and gave them priority in winding up under section 264. On that basis, the body empowered to recover the rates fell within the meaning of "creditor" in section 170. en-us Mon, 01 May 1939 00:00:00 +0530 Wed, 11 Jan 2012 12:04:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96795 A local authority entitled to recover rates by distress was treated as a creditor for the purposes of section 170 of the Companies Act 1929 and could present a winding-up petition. The Court held that the inability to sue for arrears of rates did not control the section 170 inquiry; the statutory scheme instead characterised local rates as debts and gave them priority in winding up under section 264. On that basis, the body empowered to recover the rates fell within the meaning of "creditor" in section 170. Case-Laws Companies Law Mon, 01 May 1939 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96795