[2002] 7 CLJ 77
This case laid down the principle that the effect of an annulment of an adjudication of bankruptcy is, as Stirling LJ said In Re Keet, to “wipe out the bankruptcy altogether, and put the bankrupt in the same position as if there had been no adjudication”. Therefore, an annulment of adjudication of bankruptcy under s. 105 (1) of the Bankruptcy Act 1967 has retrospective effect, but subject of course to s.105 (2) of the same Act.