12 Sept 2011
TRUSTEES EXECUTORS LIMITED V CARY HC AK CIV-2011-404-1461
- Citation
- openlaw-bb57935d_c4cb_47cb_98a7_ba41dbf4e525.pdf
- Court
- High Court
The adjournment was refused and adjudication ordered because the Part 5 proposal was late and likely a device for delay, key creditors opposed the adjournment, the proposed return to creditors was negligible, the debtor's disclosures were deficient and there was utility in Official Assignee scrutiny; accordingly it was just and equitable to adjudicate the debtor bankrupt.