13 Jun 2018
JACKSON & OR [2018] NZHC 1400
- Citation
- [2018] NZHC 1400
- Court
- High Court
The court granted the adjournment because the administrators demonstrated a real prospect that the detailed restructuring proposal could materially benefit creditors and shareholders, that proper consideration required time for consultation and a supplementary administrators' report, and there was no apparent prejudice to interested parties such as to refuse the extension; leave was preserved for any interested person to seek variation or set aside.