18 Aug 2022
THE COMMISSIONER OF INLAND REVENUE v HEERA HORTICULTURE LTD (in liq) [2022] NZHC 2055
- Citation
- [2022] NZHC 2055
- Court
- High Court
The Court approved the liquidators' remuneration because the fees reasonably reflected the value of services rendered to the creditors given the investigative and litigation work, adequate disclosure in six-monthly reports, and the petitioning creditor's express satisfaction, in accordance with s 284 Companies Act 1993 and applicable authority requiring fairness, reasonableness and proportionality.