11 May 2021
BUXCEY v ANZ BANK LIMITED [2021] NZHC 1041
- Citation
- [2021] NZHC 1041
- Court
- High Court
The Court approved the creditor's proposal because statutory voting thresholds were met, notice and technical requirements were satisfied, the proposal was reasonable and calculated to benefit the general body of unsecured creditors (offering approximately two thirds return), and there was no substantive opposition to the approval application, notwithstanding one creditor voted against the proposal.