23 Oct 2018
CAPITAL PRODUCE LIMITED v BROOKLYN BAR AND BISTRO LIMITED [2018] NZHC 2735
- Citation
- [2018] NZHC 2735
- Court
- High Court
Because there were real and unresolved disputes about the amount claimed, concerns about the integrity of the process (including inconsistent calculations and questionable affidavit evidence), and no clear demonstration that winding up was required to protect creditors given the company's financials and available security of funds, the Court exercised its jurisdiction to stay the winding up proceeding and permanently prohibit advertising; the dispute should be resolved in ordinary proceedings or the Disputes Tribunal and the respondent's position is protected by funds held in trust and the ap…