30 Oct 2014
Re Lindsay, ex p Commissioner of Inland Revenue [2014] NZHC 2684
- Citation
- [2014] NZHC 2684
- Court
- High Court
Statutory procedures were complied with and the required creditor majorities accepted the proposal; no grounds in s333(3) were made out and the court will not substitute its judgment for that of commercially experienced creditors, therefore the proposal is reasonable and the court must approve it.