23 Sept 2010
THE COMMISSIONER OF INLAND REVENUE AND ANOR V PARK ESTATE LIMITED HC NAP CIV-2010-441-117
- Citation
- openlaw-65e39fd7_3a16_4afd_a8b8_402fd9d31d9b.pdf
- Court
- High Court
Because a Part 14 creditors' compromise was approved by a significant majority of creditors, and the court was satisfied that earlier integrity concerns had been resolved and key objectors had consented, the court exercised its discretion to stay the liquidation proceedings for one year and reserve leave for further applications, with costs awarded by consent.