28 Mar 2008
JENNIAN SERVICES LTD V JENNIAN HOMES NORTH SHORE LTD HC AK CIV 2008-404-1495
- Citation
- openlaw-2a6a74e5_8fa4_4bfe_a8f0_618b111689e8.pdf
- Court
- High Court
Applicant was a creditor; respondent was insolvent and without management; proper service and consent of proposed administrators were filed; evidence showed administration would likely produce a better return for creditors and shareholders than immediate liquidation (including potential sale of the business), therefore the Court exercised its power under s239L to appoint the proposed administrators and awarded costs to the applicant.