17 May 2019
TOILOLO v REGISTRAR OF COMPANIES [2019] NZHC [1090]
- Citation
- TOILOLO v REGISTRAR OF COMPANIES [2019] NZHC [1090]
- Court
- High Court
Court held Deputy Registrar was entitled to find multiple instances of mismanagement (entry into cross‑guarantee unfair to company, failure to keep records, failure to address insolvency and reckless trading, inadequate oversight) that were at least partly causative of the company's liquidation, but Deputy Registrar erred in weighing delay in the Registrar's process, the effect of the appellant's bankruptcy period and the statutory maximum prohibition applicable at the time of the conduct when fixing the additional 2.5 year prohibition; appeal allowed in part and the imposed prohibition set a…