17 Aug 2007
AGGREKO (NZ) LIMITED V CLEMENTS AND PAGE LIMITED IN LIQUIDATION HC WN CIV-2007-485-206
- Citation
- openlaw-71ebc420_1ac9_4c7b_a3ba_c8a28b1abdc3.pdf
- Court
- High Court
The application was dismissed because the statutory prerequisites for termination under s 250 were not satisfied: major creditors remained unpaid and opposed the application, the liquidator's costs and plaintiff's costs remained unpaid, and the applicant failed to produce funds to satisfy creditors; therefore termination was not just and equitable and the application failed.