CSUM 20/10
Issued
20 Oct 2020
Court
NZHC
Appeal Status
Not appealed

CIR v Tower City Holdings Ltd

The Commissioner applied for an order under s 241(4) of the Companies Act (“CA1993”) placing the defendant company (“Tower”) into liquidation on a number of grounds, including the company’s inability to pay its debts, its failure to keep proper accounting records and breaches of various directors’ duties. The defendant company unsuccessfully argued that the order should not be made.

Tax Information Bulletin Vol 32 No 10 - November 2020

Case
The Commissioner of Inland Revenue v Tower City Holdings Limited [2020] NZHC 2239
Legal terms
Liquidation, Goods and Services, Income

Companies Act 1993, ss 241(2), 241(4), 194, 131, 135, 137, 246
Tax Administration Act 1994, parts 4A and 8A
High Court Rules 2014, r 5.61