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Coutts & Co v Stock : ウィキペディア英語版 | Coutts & Co v Stock
''Coutts & Co v Stock'' () 1 WLR 906 is a UK insolvency law case, concerning voidable transactions. ==Facts== Coutts & Co gave Mr Stock’s company a £200,000 overdraft. Mr Stock gave a personal guarantee for it. Then came a winding up petition, as the account was £500 in credit. But by the time the petition was advertised, the account was overdrawn by £121,875 and £190,000 by the time the petition was granted. The bank honoured cheques in favour of third parties, most of which were three companies controlled by Mr Stock. Coutts & Co wanted to enforce the guarantee. Mr Stock argued the Insolvency Act 1986 section 127 prevented the bank from debiting the account, and so the bank could not recover from him.
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