28 May 2019
GP96 LIMITED v F M CUSTODIANS LIMITED [2019] NZHC 1183
- Citation
- [2019] NZHC 1183
- Court
- High Court
PVG's registered second mortgages predate the alleged lease and there is no evidence PVG or its predecessor consented to the lease or its assignment; under the Land Transfer Act a mortgagee sale vests title in the purchaser free of unenforceable later interests, therefore GP96's caveat is unsustainable and must be removed and the 2011 interim injunction lifted.