16 Dec 2021
THE COMMISSIONER OF INLAND REVENUE v MSL CAPITAL MARKETS LIMITED [2021] NZHC 3516
- Citation
- [2021] NZHC 3516
- Court
- High Court
Although the statutory grounds for winding up were established, the court exercised its residual discretion to grant a short final opportunity to pay; absent full payment by the specified deadline the court ordered the company placed in liquidation, appointed named liquidators with individual powers, and awarded costs to the Commissioner to be paid from company assets.