21 Jun 2013
TIMOTHY TOILOLO v WESTPAC NEW ZEALAND LIMITED [2013] NZHC 1517
- Citation
- [2013] NZHC 1517
- Court
- High Court
The plaintiff failed to demonstrate a serious issue to be tried because Westpac validly exercised contractual rights under the SSA/GSA to apply secured funds and call the overdraft after defaults and statutory notices; Westpac provided repeated opportunities to remedy defaults, the plaintiff is commercially experienced, there is no equity in the property, and injunction relief was therefore unjustified.