11 Apr 2016
THE COMMISSIONER OF INLAND REVENUE v KENSINGTON DEVELOPMENTS LIMITED (IN RECEIVERSHIP) [2016] NZHC 630
- Citation
- [2016] NZHC 630
- Court
- High Court
Because Kensington discontinued its High Court challenge to the Commissioner's tax assessments for the relevant periods, it had effectively withdrawn any opposition to the assessments and to the Commissioner's recovery process; accordingly there was no arguable defence to the liquidation application and the receiver's application for authority to represent the debenture holder was refused.