9 Jul 2014
BLANCHETT and McQUOID v RBI LIMITED [2014] NZHC 1602
- Citation
- [2014] NZHC 1602
- Court
- High Court
Court found TSSN was unable to pay due debts from December 2009; majority of payments were not voidable because covered by seasonal continuing business relationship, but payments numbered 8 and 16–20 (total $9,623.29) were insolvent transactions; knowledge of the Groves brothers (common directors) was attributable to RBI, so RBI could not satisfy s296(3) defence; RBI ordered to repay $9,623.29 with interest; no order for costs.