15 Jul 2020
McNAIR v ASB BANK LIMITED [2020] NZHC 1707
- Citation
- [2020] NZHC 1707
- Court
- High Court
The proposal was approved because it complied with statutory form and procedural requirements, notice was given and acknowledged, all creditors voted in favour (by number and value), the proposal as modified increases returns to creditors (approximately 80% of indebtedness) and no grounds under s333(3) for refusal were shown.