8 Dec 2022
BODY CORPORATE 81012 & ORS v MEMELINK & ANOR [2022] NZHC 3307
- Citation
- [2022] NZHC 3307
- Court
- High Court
The Court granted the receivers' application to vary their appointment and gave directions under s34 Receiverships Act: receivers are not trustees but officers of the Court; they may be protected from personal liability in respect of sale/lease contracts entered to realise Trust assets; interim remuneration may be sought monthly/bi-monthly and the interim fees claimed were approved; creditor claim procedures under the Companies Act (including ss304,305,307,310) apply to disputed body corporate levies with allowance for ring-fencing one body corporate's claim; the Court imported s248(1)(c) to…