6 Sept 2021
BODY CORPORATE 384825 v QUEENSTOWN LAKES DISTRICT COUNCIL [2021] NZHC 2324 [6 September 2021]
- Citation
- [2021] NZHC 2324
- Court
- High Court
Leave was granted because the liquidator advised the company had no realisable assets and, as far as known, no creditors; there was no material risk of prejudice or diversion of assets; the company had been involved in the litigation for an extended period; and it was convenient and appropriate to determine creditor status through the proceedings, consistent with JK Trading principles.