2 May 2023
RE NEW EZIBUY LIMITED AND ORS [2023] NZHC 1015
- Citation
- [2023] NZHC 1015
- Court
- High Court
The Court granted the administrators' without-notice application because extending the convening period to 18 July 2023 and exempting administrators from personal liability for specified 'other payments' under leases is necessary and proportionate to enable continued trading under the moratorium, facilitate orderly realisation and potential sale or deed of arrangement proposals, and thereby maximise returns to creditors; the relief is consistent with the objects of Part 15A and comparable authority (including Re TM Lewin).