24 May 2019
BEST INVEST NZ COMPANY LTD (IN INTERIM LIQ) v EAST WIND COMPANY LTD (IN INTERIM LIQ) [2019] NZHC 1160
- Citation
- [2019] NZHC 1160
- Court
- High Court
On the evidence the applicants established creditor standing and the defendant companies lacked directors and otherwise persistently or seriously failed to comply with the Companies Act, satisfying the grounds in s241(4)(b),(c) and that it was just and equitable to liquidate under s241(4)(d); accordingly all six companies were ordered into liquidation and the named liquidators appointed, with costs recoverable from company assets subject to a $550/hour cap.