25 Mar 2019
THE COMMISSIONER OF INLAND REVENUE v J AND J WATT LIMITED [2019] NZHC 531
- Citation
- [2019] NZHC 531
- Court
- High Court
The Court approved the liquidators' fees of $101,615 (ex GST) because the rates matched ordinary PwC liquidation rates previously approved by the Court, the work performed was necessary and proportionate to protect assets and administer the liquidation (including urgent oversight of a mortgagee sale and additional property sale), senior staff involvement was justified, and key stakeholders including the Commissioner and shareholders did not object.