20 Oct 2022
POWERNET LIMITED v THE REGISTRAR OF COMPANIES [2022] NZHC 2736
- Citation
- [2022] NZHC 2736
- Court
- High Court
Applied Intelligence Ltd was restored because restoration was necessary to enforce PowerNet’s judgment, the Registrar consented, the Treasury had no objection, relevant parties did not oppose, and the company was unable to pay the debt; accordingly immediate liquidation and appointment of a qualified liquidator with approved fees was appropriate.