7 Mar 2016
LIN v THE REGISTRAR OF COMPANIES [2016] NZHC 395
- Citation
- [2016] NZHC 395
- Court
- High Court
The applicant has demonstrated a legitimate and common creditor interest enabling representative proceedings; it is just and equitable to preserve the company's registration and to set aside the liquidator's final report temporarily to permit potential claims arising from an ongoing SFO investigation and thereby avoid prejudice and the risk of multiple liquidations; a limited six‑month stay appropriately balances the need to avoid indefinite limbo with the creditors' entitlement to pursue claims.