1 Sept 2022
CAPPER v RIVERSIDE PRIDE LIMITED [2022] NZHC 2186
- Citation
- [2022] NZHC 2186
- Court
- High Court
Interim liquidators were appointed because an application to wind up the company had been filed, the Court was satisfied that application was likely to succeed given the irretrievable breakdown between the 50% shareholders and the co-director's conduct diverting company assets and benefiting himself, and the circumstances were urgent and justified appointment to prevent further diminution of assets, preserve the status quo for the dairy operation and protect creditors; proceeding without notice was justified by urgency and risk of further dissipation.