15 Apr 2020
MAIN RD HOLDINGS LTD v THOR CONSTRUCTION GROUP LTD [2020] NZHC 745
- Citation
- [2020] NZHC 745
- Court
- High Court
The Court found there was a genuine and arguable dispute about the recoverability of the bulk of MRH's claim (the late completion amounts alleged to be penalties) and TCG's solvency was not conclusively established; accordingly a permanent stay of the winding up proceeding and prohibition on advertising was ordered conditional on TCG paying the undisputed sum of $18,885.64 within ten working days, failing which MRH's application would proceed and the stay would not be granted.