17 Jun 2020
COMMISSIONER OF INLAND REVENUE v SALUS SAFETY EQUIPMENT LIMITED (IN LIQUIDATION) [2020] NZHC 1368
- Citation
- [2020] NZHC 1368
- Court
- High Court
The court reduced the claimed remuneration to $30,000 (exclusive of GST) because much of the recorded time was routine or excessive, the liquidation was small and relatively uncomplicated, the same results could have been achieved more efficiently with lower fees therefore the claimed $91,600 did not represent fair value to creditors; expenses claimed were recoverable.