19 Mar 2007
FOUNDATION SECURITIES (NZ) LTD V DIRECT LABOUR SERVICES LIMITED (IN LIQUIDATION) HC AK CIV 2006-404-4391
- Citation
- openlaw-64730268_fcc6_4e5d_b5f1_2cdea3214018.pdf
- Court
- High Court
The Court held that special circumstances existed because the s 250 application could finally affect significant rights and the liquidators presented evidence of incomplete and possibly removed company records and non-compliance with a s 261 notice, undermining the affidavits; accordingly limited leave to cross-examine was granted on solvency and record irregularities, production and affidavit orders were made, security for costs was confirmed and a stay was imposed if outstanding costs were not paid by the deadline.