23 Dec 2020
TATA HOUSING LTD v TATA [2020] NZHC 3495
- Citation
- [2020] NZHC 3495
- Court
- High Court
The Declaration of trust created a sufficiently arguable equitable interest in favour of THL (a bare trust) to support the caveat and the respondents failed to show that allowing the caveat to lapse would not prejudice THL's legitimate interests; accordingly the court exercised its discretion to refuse to allow the caveat to lapse.