30 May 2023
The receivers, as the successful party on the interlocutory application, are entitled to costs and the claimed amount of $10,516.00 and disbursements $550.00 is reasonable and proportionate under the High Court Rules and is therefore awarded as fixed in the receivers' schedule.
8 Dec 2022
The Court granted the receivers' application to vary their appointment and gave directions under s34 Receiverships Act: receivers are not trustees but officers of the Court; they may be protected from personal liability in respect of sale/lease contracts entered to realise Trust assets; interim remuneration may be sought monthly/bi-monthly and the interim fees claimed were approved; creditor claim procedures under the Companies Act (including ss304,305,307,310) apply to disputed body corporate levies with allowance for ring-fencing one body corporate's claim; the Court imported s248(1)(c) to…