26 Aug 2014
RAVENSDOWN FERTILISER CO-OPERATIVE LIMITED v HART [2014] NZHC 2038
- Citation
- [2014] NZHC 2038
- Court
- High Court
Where liability to pay indemnity costs arises from the contract, invoices rendered prior to adjudication are provable debts and are stayed by s76(1) of the Insolvency Act 2006; invoices rendered after adjudication are not provable and remain payable personally; s76(2) did not apply because the plaintiff discontinued proceedings against the bankrupt second defendant.