25 Jun 2013
ANDREW JAMES BETHELL AND BRIAN MAYO-SMITH AND STEPHEN JOHN TUBBS v MAINZEAL PROPERTY AND CONSTRUCTION LIMITED (IN RECEIVERSHIP AND IN LIQUIDATION) [2013] NZHC 1556
- Citation
- [2013] NZHC 1556
- Court
- High Court
On the liquidators' uncontroverted affidavit evidence the companies in the Richina group traded and were managed as a single enterprise with extensive intercompany funding, undocumented journaled transfers and restructurings that reduced recoverable assets for creditors; applying the statutory factors the Court concluded it was just and equitable to (a) order the 13 companies' liquidations to be conducted as if they were one company and (b) order Richina Global Real Estate Limited to contribute $15,150,847 and $5,786,606.77 and Isola Vineyards Limited to contribute $2,478,165 to the liquidati…