IN RE NAUTILUS STEAM SHIPPING COMPANY, LTD. (APPLICATION OF GIBBS & CO.)

(1935) 51 Ll L Rep 65

CHANCERY DIVISION.

Before Mr. Justice Bennett.

Companies - Winding - up - Collision between steamship Pear Branch and sailing vessel Dharma in 1925 - Pear Branch arrested-Released on execution of joint bail bond by shipowners and ship's agents-Judgment against Pear Branch-Liability met by ship's agents - Reimbursed by shipowners through their insurers-Winding-up of shipowning company-Further claim against Pear Branch-No assignment of policies-Application by ship's agents that they were entitled, on meeting the further claim of the Dharma, to be subrogated to the rights of the Pear Branch against their insurers - Third Parties (Rights against Insurers) Act, 1930.