17 Dec 2008
DRILLING FLUID EQUIPMENT NZ LIMITED V THE REGISTRAR OF COMPANIES AND ANOR HC WN CIV 2008-485-1985
- Citation
- openlaw-72af1099_a26f_492a_9923_b1b666c73b8b.pdf
- Court
- High Court
Under s.284 the Court has supervisory power to reverse a liquidator's final report where creditors are denied a thorough investigation; where the Official Assignee was neutral and unwilling to pursue further inquiry, the Court reversed the final report, recommenced the liquidation, appointed independent liquidators who consented to act, and awarded costs to the applicant as costs in the liquidation.