4 Nov 2016
OWENS AND VANCE v COLEMAN [2016] NZHC 2644
- Citation
- [2016] NZHC 2644
- Court
- High Court
The court held that on the available evidence Mr Coleman must repay the overdrawn director account ($51,886.59) and the $86,575 paid to Guyon Holdings Ltd (including the alter‑ego finding); the defendant breached s137 in relation to tax obligations and must personally compensate the company for the IRD liability of $243,555.75. The court declined to determine the broader s301 claims for the full creditor shortfall and liquidators' costs until plaintiffs file further evidence (including expert opinion) to establish with specificity the point of insolvency, causal nexus and quantum; plaintiffs…