New Zealand Case Law: Decisions & Judgments | LexChat

New Zealand Case Law

Creditors' compromise (companies act pt 14)
  • 2 Jun 2016

    PUBLIC TRUST v JOHN MICHAEL O'CONNOR [2016] NZHC 1175

    Citation
    [2016] NZHC 1175
    Court
    High Court

    Muir J declared the Silverfern pt 14 compromise void; the appeal was abandoned; therefore the compromise cannot release the O'Connors or justify a stay. The stay of the setting aside applications is lifted and the setting aside applications are refused, leaving the bankruptcy notices valid and enforceable with the remaining working days for compliance calculated from service dates.

    • Bankruptcy notices
    • Setting aside bankruptcy notices
    • Creditors' compromise (companies act pt 14)
    • Stay of proceedings
    • Summary judgment