29 Nov 2016
BODY CORPORATE 194481 v MASON AND MASON-THOMAS [2016] NZHC 2858
- Citation
- [2016] NZHC 2858
- Court
- High Court
The application was granted because the body corporate demonstrated 'good reason' to inspect records: it is a contingent creditor with substantial quantified potential loss (estimated repair costs ~ $4.763m), is investigating realistic recovery options (against directors and insurers), and the liquidators lack funds to pursue extensive litigation; accordingly limited inspection furthers efficient investigation while protecting privilege and liquidators' statutory role.