23 Aug 2017
FANN AND GUOFAN v NORRIE _x001e_ as liquidator of RAYND INVESTMENT LIMITED [2017] NZHC 2019
- Citation
- [2017] NZHC 2019
- Court
- High Court
The Court fixed the liquidator's remuneration at a substantially reduced amount because significant parts of the claimed work were unnecessary or disproportionate given applicants' genuine efforts to fund creditors and terminate the liquidation; disbursements were allowed, legal fees charged to the liquidator were disallowed, the liquidator must file GST returns and may recover reasonable time for that, and the liquidator must repay the $2,000 advanced by Mr Patel.