14 Oct 2016
P M FINNIGAN AND B VAN DELDEN LIQUDATORS OF EXLBR LIMITED (IN LIQUIDATION) AND COMMISSIONER OF INLAND REVENUE [2016] NZHC 2454
- Citation
- [2016] NZHC 2454
- Court
- High Court
The Court declined to order that the applicants' solicitor/client costs of the application be treated as an expense of the liquidation because allowing the costs to be so treated would improperly advantage the applicants (by creating a preferential claim) to the potential detriment of other creditors including the Commissioner; an innocent oversight in accepting an appointment does not ordinarily entitle liquidators to recover costs that reduce the dividend available to creditors.