20 Dec 2016
WILLESTON VENTURES LIMITED v SCUTTER [2016] NZHC 3146
- Citation
- [2016] NZHC 3146
- Court
- High Court
The application for inspection under s256 was dismissed because the applicant failed to establish a specific persuasive or concrete reason to inspect; the liquidator's decisions were within acceptable professional judgment supported by legal advice and evidence, and the request was overly broad and risked being a fishing expedition that would needlessly prolong the liquidation and harm creditors.
- Inspection of books and records
- Voidable transactions
- Preferential payments
- Insolvent trading (directors' duties)
- Sale of assets to related parties
- Costs