The receivers of Capital + Merchant Investments have won the right to appeal in their $1.2 million GST stoush with the tax department.
Capital + Merchant Investments (CMI) owned the assets of Capital + Merchant Finance which failed in November 2007 owing investors $167 million.
Receivers from the firm Grant Thornton are acting for both these companies and to date have collected more than $2 million in fees.
In March last year, Grant Thornton's Richard Simpson and Timothy Downes went to court querying whether they were personally liable to Inland Revenue for $1.2 million of GST after the sale of six properties made as part of the receivership.
However, the High Court's Justice Robert Dobson ruled the receivers were personally liable for the GST.