31 Aug 2016
BODY CORPORATE 201036 [2016] NZHC 2035
- Citation
- (2016) 17 NZCPR 659
- Court
- High Court
Because the Official Assignee validly disclaimed the unit, the Body Corporate demonstrated concrete loss and disadvantage (unrecoverable levies and inability to obtain access to effect repairs) and no other party with a better interest was willing and capable of assuming responsibility, it was fair under s119 of the Insolvency Act to vest the disclaimed unit in the Body Corporate; the Crown did not object.