8 Oct 2010
THE COMMISSIONER OF INLAND REVENUE V AOTEAROA RESORTS LIMITED HC PMN CIV-2010-454-614
- Citation
- openlaw-10554cb7_e345_48e6_890d_1d1398ee0b1e.pdf
- Court
- High Court
The s 287 presumption of insolvency applied due to non‑compliance with the statutory demand; the defendant failed to provide verified financial evidence to rebut that presumption or to show likely imminence of funds; no public‑interest reason to exercise discretion to refuse liquidation; therefore the Court ordered liquidation under s 241(4)(a) and appointed liquidators.