8 Oct 2019
RE KUMFS GROUP LTD [2019] NZHC 2552
- Citation
- [2019] NZHC 2552
- Court
- High Court
The court granted the without‑notice application and extended both the convening period and the s239Y termination notice period because the administrators demonstrated that additional time (108 days to 31 January 2020) was necessary to investigate sale and restructuring options and prepare an informed report to creditors, and the extensions would not unduly prejudice creditors while remaining consistent with the purpose of voluntary administration.