13 Apr 2022
BO SI LIMITED (IN LIQUIDATION) v CRUSADERS BUILDING DEVELOPMENT LIMITED [2022] NZHC 788
- Citation
- [2022] NZHC 788
- Court
- High Court
The application for liquidation was dismissed because the respondent established a genuine and substantial dispute as to both the existence of the debt claimed and whether any debt was due and payable when the statutory demand issued; the evidence showed transfers likely represented share-purchase funds passed through Bo Si and the company's records were unreliable, making liquidation an abuse of process in these circumstances.