14 Dec 2017
EZIPAINT LIMITED (IN LIQUIDATION) & ORS v PETERS HOLDINGS TRUSTEE LIMITED [2017] NZHC 3139
- Citation
- [2017] NZHC 3139
- Court
- High Court
Given the complexity and genuine and substantial dispute about the existence and origin of the asserted debt, involving trust distributions, assignments and possible breaches of trust and accounting restatements, the Court concluded it would be inappropriate and an abuse of process to grant a winding up order; the application for liquidation was dismissed.