20 Nov 2014
ISAC (NZ) LIMITED v MANAGH [2014] NZHC 2898
- Citation
- [2014] NZHC 2898
- Court
- High Court
The court held the liquidator's grounds for rejecting the proof of debt were wrong and directed the liquidator to reconsider the proof of debt; the applicant was the partially successful party and entitled to costs, assessed at High Court Rules category 2B with a minor adjustment reducing accounted time for items 31 and 37 to four days in total; indemnity and increased costs were refused and no order under the Liquidation Regulations was made at this stage because loss remains to be established.