11 Mar 2011
MCAULAY V HAWKES BAY WIND MACHINES LIMITED (IN LIQUIDATION) HC NAP CIV-2007-441-916
- Citation
- openlaw-a24f3810_2748_4731_837a_ea72466a98f6.pdf
- Court
- High Court
Leave to be heard was granted to the directors but on the merits the Court held the liquidator's overall remuneration was reasonable in the circumstances, the interim approval could be reviewed but no reduction was warranted, and the directors failed to establish misconduct or error of a kind justifying repayment or reversal of the warranty settlement; accordingly the liquidator's application to fix remuneration was granted and the directors' applications dismissed.