7 Feb 2019
OFFICIAL ASSIGNEE v HARMAN [2019] NZHC 101
- Citation
- [2019] NZHC 101
- Court
- High Court
Court accepted joint recommendation and evidential analysis: insolvency date of pooled companies fixed at 31 March 2007; accepted starting deterioration of $10,853,548.15 (loans after that date less interim distributions); reduced that figure by $671,721.43 to remove mutual creditor double recovery and by $1,000,000 for uncertainties; applied 70% culpability to remaining $9,181,826.72 to assess director's liability; determined admitted claim under s252 to be $6,427,000 and made no order for costs.