11 Aug 2014
COMMISSIONER OF INLAND REVENUE v REDCLIFFE FORESTRY VENTURE LTD [2014] NZHC 1877
- Citation
- [2014] NZHC 1877
- Court
- High Court
The Commissioner is a creditor entitled to commence liquidation proceedings (supported by s 156 TAA and the Companies Act context); there is no abuse of process in seeking appointment of liquidators given affirmed Supreme Court assessments and the Commissioner's statutory duty to preserve tax system integrity; outstanding appeals and arguable futility do not justify a stay; the application to stay and restrain advertising is dismissed.