12 Apr 2010
MIELE NEW ZEALAND LIMITED V BAST INVESTMENTS LIMITED HC WN CIV-2010-485-348
- Citation
- openlaw-8fe34893_179c_471c_a22a_7a2da9998d76.pdf
- Court
- High Court
The Court concluded that the shareholders' voluntary resolution dated 7 April 2010 was passed within the 10 working day period prescribed by s241AA(2) and was therefore effective; the earlier court order of 11.13 am placing the defendant into liquidation and appointing liquidators was made in error and was recalled and rescinded, the voluntary liquidation stands and the plaintiff's application is dismissed, with costs awarded to the plaintiff.