Touche Ross Ltd. v. Nova Scotia Power Corp., (1982) 54 N.S.R.(2d) 341 (TD)

• Judge: Grant, J.
• Court: Supreme Court of Nova Scotia (Canada)
• Case Date: November 25, 1982
• Jurisdiction: Nova Scotia
• Citations: (1982), 54 N.S.R.(2d) 341 (TD)

Touche Ross Ltd. v. N.S. Power (1982), 54 N.S.R.(2d) 341 (TD);

    112 A.P.R. 341

MLB headnote and full text

Touche Ross Limited v. Nova Scotia Power Corporation

(S.H. No. 39855)

Indexed As: Touche Ross Ltd. v. Nova Scotia Power Corp.

Nova Scotia Supreme Court

Trial Division

Grant, J.

December 7, 1982.

Summary:

A receiver applied for a declaration that the claims of two debenture holders had priority over the Nova Scotia Power Corporation's statutory lien under s. 62 of the Power Corporation Act, R.S.N.S. 1967, c. 233. The Nova Scotia Supreme Court, Trial Division, dismissed the application.

Receivers - Topic 3585

Claims - Priorities - Secured creditor v. statutory lien - A receiver applied for a declaration that the claims of two debenture holders had priority over the Nova Scotia Power Corporation's statutory lien under s. 62 of the Power Corporation Act, R.S.N.S. 1967, c. 233 - The Nova Scotia Supreme Court, Trial Division, dismissed the application, holding that since a debenture was an encumbrance within the meaning of s. 62 of the Act, the statutory lien created therein took priority - See paragraph 29.

Words and Phrases

Liens or other encumbrances - The Nova Scotia Supreme Court, Trial Division, referred to the meaning of the phrase "liens and other encumbrances" as found in s. 62 of the Power Corporation Act, R.S.N.S. 1967, c. 233 - See paragraphs 8 to 16.

Cases Noticed:

Re Hillis & Sons, Ltd. (1968), 69 D.L.R.(2d) 80, refd to. [para. 9].

Clark v. Raynor (1922), 65 D.L.R. 425, refd to. [paras. 12 and 13].

Re Malott and Mosher (1964), 44 D.L.R.(2d) 191, refd to. [para. 13].

Central and Eastern Trust Co. v. George R. Saunders Construction Co. Ltd. et al. (1978), 7 R.P.R. 1, refd to. [para. 14].

Warford v. Wood Motors (N.S.) Ltd. et al. (1978), 88 D.L.R.(3d) 515; 30 N.S.R.(2d) 339; 49 A.P.R. 339, refd to. [para. 15].

Board of Industrial Relations v. Avco Financial Services Realty Ltd. et al. (1979), 98 D.L.R.(3d) 695, refd to. [paras. 19 and 21].

Homeplan Realty Ltd. v. Avco Financial Services Realty Ltd. et al. (1977), 81 D.L.R.(3d) 289, refd to. [para. 20].

Dauphin Plains Credit Union Limited v. Xyloid Industries Ltd. and R. (1980), 31 N.R. 301; 3 Man.R.(2d) 283; 33 C.B.R. (N.S.) 107, refd to. [para. 23].

Re Federal Business Development Bank and Perron et al. (1980), 113 D.L.R.(3d) 58; 4 Man.R.(2d) 439, refd to. [para. 24].

Statutes Noticed:

Power Corporation Act, R.S.N.S. 1967, c. 233, sect. 62 [para. 3].

Workmen's Compensation Act, R.S.N.S. 1967, c. 343, sect. 144 [para. 9].

Interpretation Act, R.S.N.S. 1967, c. 151 [para. 10].

Authors and Works Noticed:

Jowitt, Dictionary of English Law [para. 11].

Stroud's Judicial Dictionary (3rd Ed.) [para. 11].

The Concise Oxford Dictionary [para. 11].

Counsel:

Deborah A. Carver, for the plaintiff;

Peter W. Gurnham, and Paul C. Martin, for the defendant.

This case was heard on November 25, 1982, at Halifax, Nova Scotia in Chambers before GRANT, J., of the Nova Scotia Supreme Court, Trial Division, who delivered the following judgment on December 7, 1982.