New Zealand Case Law: Decisions & Judgments | LexChat

New Zealand Case Law

Section 119 insolvency act 1967
  • 3 Sept 2007

    WHARETEKAU APARTMENTS BODY CORPORATE V HATHERTON HC WN CIV 2006-485-132

    Citation
    openlaw-a826d275_e0f2_49fa_bc11_2b56663fb24d.pdf
    Court
    High Court

    Because the Official Assignee reported a 100 cents in the dollar dividend plus interest had been paid, petitioning creditor's and Official Assignee's costs were paid, and no creditors objected, the Court properly exercised its discretion under s 119(1)(b) to annul the adjudication in bankruptcy effective 3 September 2007.

    • Annulment of adjudication
    • Section 119 insolvency act 1967
    • Dividend distribution
    • Official assignee report