27 Aug 2015
NOYCE v PARNELL PROPERTY INVESTMENTS LIMITED [2015] NZHC 2037
- Citation
- [2015] NZHC 2037
- Court
- High Court
The liquidator acted reasonably in accepting BNZ's proof of debt because contemporaneous bank records and prior summary judgment rulings supported the claim and there was no new evidence justifying rejection; the transfers were authorised; Parnell and St Stephens are related and their businesses indistinct so pooling under s271(1)(b) is just and equitable; payments by Fifer and Compark did not protect or preserve the recoverable asset for the general body of creditors and were not made for creditors' benefit so they are not entitled to priority under Schedule 7 clause 1(1)(e); the liquidator'…