23 Apr 2021
ARJANG v NF GLOBAL LTD [2021] NZHC 903
- Citation
- [2021] NZHC 903
- Court
- High Court
NF Global Ltd was insolvent and unpaid debts remained despite opportunity to pay; the Court therefore ordered liquidation under s241 Companies Act 1993, appointed and approved liquidators, granted media access to the court file, declared the firm Meredith Connell to cease acting from a specified date, and exercised its statutory power under sch 7 to award costs payable from company assets (including solicitor/client costs to the successful applicant and certain supporting creditors) and ordered costs against the sole shareholder joint and several with the company where appropriate given the s…