3 Dec 2014
THE COMMISSIONER OF INLAND REVENUE v HAYES [2014] NZHC 3065
- Citation
- [2014] NZHC 3065
- Court
- High Court
Adjudication was ordered because the Commissioner proved an outstanding debt of $110,554.02, the debtor is insolvent and allowing postponement to obtain student loan finance or relying on a time‑limited undertaking not to act as a liquidator would undermine the objectives of the Insolvency Act 2006 and present enforcement uncertainties.