4 Mar 2008
STRATEGIC OPTIONS LIMITED V SWORDFISH LODGE MANAGEMENT LIMITED HC AK CIV 2008-404-1017
- Citation
- openlaw-90cc8779_6918_4c25_9edc_3754a74a9346.pdf
- Court
- High Court
The applicant established that the respondent may be insolvent by virtue of undisputed non‑payment of rent and demands; the Court inferred that appointment of administrators would likely secure ongoing income, equitably distribute receipts, permit investigation and possible restructuring and therefore was likely to produce a better return for creditors than immediate liquidation, justifying appointment under s239L(2)(a).