10 Mar 2015
STEGGALL NUTRITION PTY LIMITED v HAYWARD [2015] NZHC 413
- Citation
- [2015] NZCCLR 11
- Court
- High Court
Applicant established tangible, non‑speculative concerns about possible reckless trading and the adequacy of the liquidators' inquiry into directors' beliefs and realizations; accordingly the Court granted inspection under s256(1)(a)(ii) but imposed conditions to protect commercial sensitivity, denied some redaction claims (cl 4.2) and required a procedural mechanism for contested redactions of financial performance documents; costs of the application were reserved to lie where they fall while Steggall must pay reasonable administrative costs for assembling documents.