28 Sept 2010
THE COMMISSIONER OF INLAND REVENUE OF WELLINGTON V KAIMAI PALMS GOLF RESORT LIMITED PREVIOUSLY THE PACIFIC PALMS INTERNATIONAL RESORT AND GOLF CLUB LIMITED HC ROT CIV 2009-463-000541
- Citation
- openlaw-feb2b552_6e2b_481d_9952_630f86419863.pdf
- Court
- High Court
With an undisputed debt, repeated and lengthy adjournments, and insufficient evidence that immediate payment would be made, the court properly exercised its discretion under Companies Act 1993 s241 to refuse further adjournment and appoint liquidators to prevent prejudice to creditors and protect potential recoveries.