31 Mar 2022
YOUNG v REMARKABLE EXQUISITE DESIGN LIMITED [2022] NZHC 635
- Citation
- [2022] NZHC 635
- Court
- High Court
The court ordered liquidation because the parties' relationship had irretrievably broken down producing a serious deadlock that materially frustrated the company's affairs, there were no realistic alternatives or acceptable buyout proposals addressing the applicant's unresolved allegations of diverted income and misuse of company funds, and an independent liquidator was required to investigate and resolve those matters.