16 Sept 2022
UNITED BUILDERS LIMITED v MKOD DEVELOPMENTS LIMITED [2022] NZHC 2381
- Citation
- [2022] NZHC 2381
- Court
- High Court
Appointment of an interim liquidator was declined because plaintiffs failed to demonstrate a strong likelihood that liquidation would succeed or that MKOD is unable to pay its debts; factual disputes about contracts and lack of information about MKOD's assets meant necessity or expediency under s246 was not established, and alleged urgency factors were insufficient to justify without‑notice appointment.