21 Dec 2022
THE COMMISSIONER OF INLAND REVENUE v ATTRACTUM LTD (in liq) [2022] NZHC 3597
- Citation
- [2022] NZHC 3597
- Court
- High Court
The Court approved retrospective leave for higher hourly rates and approved the liquidators' remuneration at $100,900 (plus GST and disbursements) because the fees, net of a $9,631 write-off, produced an average hourly recovery rate within normal range, reflected necessary work in contested recoveries caused by directors/shareholders, and were accepted by the principal creditor (Commissioner of Inland Revenue); the approval was proportionate and consistent with the Court's supervisory duty to ensure fees reflect value to creditors.