8 Apr 2020
OORSCHOT v CORBEL CONSTRUCTION LIMITED (in liq) [2020] NZHC 723
- Citation
- [2020] NZHC 723
- Court
- High Court
The Court appointed the liquidator, Andrew Oorschot, as receiver and manager of the Retention Fund; only subcontractors with calculated and (partly) transferred retentions and subcontractors with released but not paid retentions have claims on the fund; the Retention Fund is to be distributed pro rata (net of a pro rata share of administration costs) as at the date of liquidation; the receiver may deduct reasonable costs and is authorized to pay legal costs of $18,698.64 from the fund without further approval; interest is not payable unless and until all valid non‑interest claims are paid in…