22 Apr 2015
M HAGHI v THE COMMISSIONER OF INLAND REVENUE [2015] NZHC 796
- Citation
- [2015] NZHC 796
- Court
- High Court
The court approved the insolvency proposal because the procedural irregularities were not sufficient to defeat the meeting outcome (notice was treated as posted, adjournment by the chair was within power, and an absent secured creditor's electronic/text communication could validly be treated as a postal/electronic vote under s330(2)), secured creditors may vote under the personal insolvency regime, and the proposal was supported by realistic prospect of funding from the successful Fanshawe Street litigation; approval was granted subject to leave to cancel if promised payments are not delivere…