2 Nov 2016
SUPERIOR BLOCKLAYERS LTD (In liq) v BACON [2016] NZHC 2601
- Citation
- (2016) 14 TCLR 425
- Court
- High Court
Directors allowed the company to trade while insolvent from at least 31 May 2009, repeatedly failed to remit GST and took substantial undocumented drawings, thereby breaching ss 131, 135 and 137; those breaches causally produced the creditor losses and liquidation costs, warranting full s 301 contribution of $96,175.95 and repayment of the shareholders' current account $63,819.