23 May 2014
VEGAR v AORANGI FORESTS LTD & ORS [2014] NZHC 1109
- Citation
- [2014] NZHC 1109
- Court
- High Court
Prospective creditors with disputed, unproven claims do not have provable debts under s232 of the Insolvency Act 2006 and therefore are not entitled to vote at a creditors' meeting; the provisional trustee acted within his powers in rejecting their votes under the Regulations and reg 32(2) is only an administrative measure for uncertain claims.