3 Dec 2014
LIN v RAINBOW GROUP MANAGEMENT LTD [2014] NZHC 3060
- Citation
- [2014] NZHC 3060
- Court
- High Court
Application dismissed because applicant failed to prove inability to pay debts as they fall due (liquidity not established), evidence of persistent statutory non‑compliance was insufficient, no proven shareholder deadlock or loss of confidence to an extent requiring liquidation, and alternative remedies (share acquisition, statutory relief under ss 174, 178, 179) were available; therefore just and equitable ground not made out.