3 May 2022
PLATFORM HOMES EQUIPMENT LTD v ORMISTON RISE LTD (in rec) [2022] NZHC 881
- Citation
- [2022] NZHC 881
- Court
- High Court
The receivers reasonably issued the statutory demand given company records and PHEL's failure to provide requested documents; PHEL was reasonable to apply to set aside within the strict time limits; the demand was withdrawn only after PHEL's reply evidence and other affidavits raised new factual disputes that made determination inappropriate on a set aside application; those circumstances justified displacing the r 15.23 presumption and accordingly costs lie where they fall, so PHEL's costs application is declined.