17 Jul 2019
BENNETTS BOOKSTORES LTD [2019] NZHC 1658
- Citation
- [2019] NZHC 1658
- Court
- High Court
The extension was granted because the administrator demonstrated a realistic prospect of selling a viable business, creditor support, benefit to creditors and employees, preservation of leases, and the extension sought was modest; the court also found the without-notice procedure and the timing of the watershed meeting within five business days of the extended convening period lawful.