9 Dec 2016
C D OWENS AND D S VANCE AS LIQUIDATORS OF HAGFISH NZ LIMITED (IN LIQUIDATION) v WAKA MANAGEMENT HOLDINGS LIMITED, BJ FISHING LIMITED, NZ MARINE SEAFOODS LIMITED AND [2016] NZHC 2968
- Citation
- [2016] NZHC 2968
- Court
- High Court
On the material before the Court there were genuine and substantial disputes about the existence and quantum of debts said to be owing to Hagfish, the liquidators had not proved the debts nor that the companies were cash-flow insolvent, and the matters should be litigated in ordinary proceedings after discovery rather than resolved by winding up; accordingly the liquidation applications were dismissed.