8 May 2017
GALE & ORS v MARLBOROUGH COUNTRY LIMITED & ANOR [2017] NZHC 922
- Citation
- [2017] NZHC 922
- Court
- High Court
The company was deadlocked, had no useful purpose, and defendants ceased opposition; therefore it was just and equitable to appoint liquidators under s241(4)(d); the Court appointed liquidators and awarded costs to the plaintiffs, imposing costs liability on specified shareholders rather than the company.