16 Jun 2006
LINES V WAKEFIELD BUILDINGS LIMITED HC NAP CIV-2005-441-825
- Citation
- openlaw-affb3f8b_fa2d_405d_89c8_840433eeebc5.pdf
- Court
- High Court
The application for liquidation was refused at this hearing and the matter was given a final adjournment because the only outstanding dispute was a $10,000 legal cost claim and the company appeared solvent with a substantial property asset; liquidation would be a dramatic step at this stage. The court signalled it would seriously consider a liquidation order if the dispute remained unresolved on the adjourned date and indicated costs against the defendant and/or the other director on an indemnity or near‑indemnity basis would be open.