17 Jun 2011
SUSAN LYNCH V STAY@DRIFTERSINN LIMITED HC CHCH CIV-2011-409-000910
- Citation
- openlaw-3d7f938d_3268_49a2_9549_3d235c1e187f.pdf
- Court
- High Court
Prima facie evidence showed a director channeling company income to a related company and excluding the co-director from access and management, creating conflicts of interest and placing company assets and creditors at risk; accordingly an interim liquidator with specified powers was necessary to preserve assets, protect creditors and enable orderly sale or administration of the business.