9 Sept 2022
LINCO PROPERTIES LTD v TOWNHOUSE MOTEL LTD [2022] NZHC 2314
- Citation
- [2022] NZHC 2314
- Court
- High Court
The Court was satisfied on the evidence (reports, time records, explanations and nature of tasks) that the liquidators performed necessary work at appropriate seniority and that the proposed write‑offs were justified by insufficient realisations; therefore the net remuneration of $8,486.14 (excluding GST) and expenses of $851.59 are fair value and are approved.