6 May 2021
NEW ZEALAND LABOUR ENTERPRISES LIMITED & ANOR v SEMBHI & ANOR [2021] NZHC 986
- Citation
- [2021] NZHC 986
- Court
- High Court
Court found on balance of probabilities that (1) first defendant owed the company $686,588.20 on her current account as at liquidation based on signed financial statements and subsequent bank transaction analysis and is liable for interest from 16 August 2019; (2) Dap Sembhi was a deemed/shadow director under s126 and both defendants breached ss131,135,136,137 from 31 March 2015 by allowing the insolvent company to trade and permitting further drawings; and (3) compensatory relief under s301 is appropriate in the sum of $312,254.20 reflecting the net deterioration in the company’s financial p…