29 Oct 2009
LIDDLE AND LIDDLE AND ORS V BNZ AND ANOR HC AK CIV 2009-404-6189
- Citation
- openlaw-37d0109c_c930_470d_a89e_ed0c29304a51.pdf
- Court
- High Court
Plaintiffs failed to demonstrate any serious question to be tried on the pleaded causes of action; the Bank acted on independent professional advice and with reasonable care under s176; plaintiffs were insolvent and could not comply with Parry v Grace by paying amounts into Court; the balance of convenience favoured the Bank because debt was substantial and increasing and damages would be an adequate remedy; accordingly interim injunction was refused.