28 May 2020
CBCH NEW ZEALAND LIMITED ex parte STRAWBRIDGE, MARSDEN and TRACY [2020] NZHC 1146
- Citation
- [2020] NZHC 1146
- Court
- High Court
The court has statutory power under ss 239AT and 239ADO, and the COVID-19 emergency provisions reinforce discretion to extend time; given COVID-19 disruption to sale processes, the need to coordinate with Australian administrations and the prospect of better returns to creditors via a mothballing-and-sale strategy, the court should exercise its discretion to extend the convening period to 2 September 2020.