20 Jun 2017
LEVIN & MADSEN-RIES v MARTIN [2017] NZHC 1354
- Citation
- [2017] NZHC 1354
- Court
- High Court
The disposition of $249,163 was set aside under s 348 because the Company was unable to pay its due debts at the time, the disposition prejudiced and delayed the Commissioner of Inland Revenue, and therefore the sum vests back in the Company; interest and costs were properly awarded against the trustee.