18 Dec 2012
COCHRANE & ORS V TOTARA PROPERTIES (WHANGAREI) LTD & ORS HC WHA CIV 2012-488-000177
- Citation
- openlaw-f2e5982c_e152_4f78_91d4_b6e41194485f.pdf
- Court
- High Court
Court found plaintiffs have a good arguable s174 case, Totara's assets were at risk and interim control was required, but appointment of interim liquidators was unnecessary; instead the Court granted tailored interim injunctions restraining dividends, loans/advances/drawings, hiring, large salaries, real property purchases and disposals while permitting completion of a specified Oakura purchase and reserving leave to vary the injunctions.