20 Apr 2011
THE COMMISSIONER OF INLAND REVENUE V SALEPRO LIMITED HC MAS CIV-2010-435-255
- Citation
- openlaw-f9969298_4b6f_439c_b6f1_fc21d5a2fa3e.pdf
- Court
- High Court
The defendant failed to comply with the statutory demand and is therefore presumed unable to pay its debts; the defendant admitted an outstanding PAYE/KiwiSaver liability of $2,300–$3,000, produced no verified evidence of solvency or assets, offered no credible dispute sufficient to defeat the statutory presumption, and the Court had no basis to exercise its discretion to refuse liquidation, so appointment of liquidators was ordered.