Judgment
In the Matter of Canterbury Securities Ltd - Reasons for Decision
FSD 0364/2023 (IKJ) · 2023-12-18
Application to appoint joint provisional liquidators-four hurdles test-insolvency-need to prevent dissipation of assets or misconduct by directors- whether appointment “necessary” need to prevent dissipation of assets and mismanagement or misconduct-Companies Act (2023 Revision), sections 92, 104. Insolvency; Company Law; Financial Services Regulation
Full metadata
| Cause Number | FSD 0364/2023 (IKJ) |
|---|---|
| Court | CIGC (FSD) |
| Judge | Kawaley J |
| Parties | In the Matter of Canterbury Securities Ltd - Reasons for Decision |
| Judgment Date | 2023-12-18 |
| Subject | Application to appoint joint provisional liquidators-four hurdles test-insolvency-need to prevent dissipation of assets or misconduct by directors- whether appointment “necessary” need to prevent dissipation of assets and mismanagement or misconduct-Companies Act (2023 Revision), sections 92, 104. Insolvency; Company Law; Financial Services Regulation |
| Filename (current) | 23-12-18-In-the-Matter-of-Canterbury-Securities-Ltd-FSD-364-of-2023IKJ-Reasons-for-Decision-IKJ-approved-for-publication.pdf |
Legislation cited
| Statute | Sections cited | Mentions |
|---|---|---|
| Companies Act | 104, 92 | 4 |
| Securities Investment Business Act | 10 | 1 |
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