22 Mar 2018
WALKER AND SCUTTER v PROPERTY VENTURE LIMITED (IN LIQUIDATION) [2018] NZHC 500 [22 March 2018]
- Citation
- [2018] NZHC 500
- Court
- High Court
The Court will approve a joint liquidator's resignation under its supervisory jurisdiction and s 284(1)(a) where the purpose for the joint appointment has ceased, no successor is required, there is no shown prejudice to creditors or shareholders, and the procedure by originating application is proper; accordingly Mr Scutter's resignation was authorised and Mr Walker remains sole liquidator.