No appeal has been lodged over a High Court decision which directed about $33 million of reinsurance money owed to failed Queenstown-based Western Pacific Insurance to Chistchurch earthquake lcaims and left other insurance claimants more than $24 million out of pocket.
Western Pacific was liquidated last April and by November was estimated to owe mainly insurance claimants $63.4 million.
Late last year the High Court allocated $33 million owed by Western's overseas reinsurers for payment only to 183 Christchurch earthquake claimants, meaning $24.2 million remained outstanding to other claimants.
The shortfall included $13.55 million owed to Australian claimants, $2.01 million to Pacific and others and $1.24 million to New Zealand claimants, outside Christchurch.
The appeal deadline was last Friday, and when contacted yesterday liquidator Simon Thorn, of Grant Thornton, declined to comment on not having lodged an appeal, saying a report would need to be made available to claimants before comment to media.
Other sources close to the matter said liquidators Grant Thornton could possibly apply to the courts for "leave out of time" to seek an extension period and still lodge an appeal, but such an extension was rare.
Grant Thornton had outlined to creditors in a December report that they had to consider funding any appeal, because the liquidators had "limited funds", there could be was no claim made on the reinsurance fund and legal costs were estimated at more than $75,000.
