21 Oct 2022
RE RUAPEHU ALPINE LIFTS LTD [2022] NZHC 2738
- Citation
- [2022] NZHC 2738
- Court
- High Court
Given the company's complexity, number of stakeholders and creditors, and the need to maximise the prospects of selling the business as a going concern while avoiding prejudice to employees and creditors, the Court exercised its s239AT(3) and s239Y(4) powers to grant a six-month extension to 9 May 2023, permitted electronic service (with retrospective effect for the first meeting), and ordered that accruing wages be administration expenses; the urgency justified proceeding without notice.