9 Nov 2017
RENAISSANCE BREWING LIMITED v SHEPHARD & KELLOW [2017] NZHC 2744
- Citation
- [2017] NZHC 2744
- Court
- High Court
Leave to proceed without notice was justified because serving all creditors would risk undermining the ongoing sale process and cause prejudice; the convening period under s239AT(3) was extended by 90 days to 5 February 2018 because the administrators demonstrated that additional time was necessary to complete a sale process that is likely to maximise returns for creditors and RBL can meet ongoing costs during the extension; administrators' solicitor/client costs of the application were ordered to be an administration expense; and limited leave was reserved for interested persons to apply to…