29 Jul 2022
VANCE v VEY GROUP LIMITED [2022] NZHC 1861
- Citation
- [2022] NZHC 1861
- Court
- High Court
The application for leave to appeal was dismissed because the High Court correctly applied the law and facts: the liquidators reasonably concluded the Orana debt comprised a shareholder current account (and a $200,000 advance) repayable on demand and therefore not statute-barred; the court-appointed receiver/liquidator's evidence was admissible and appropriate; no arguable error of law or fact warranting leave was demonstrated; and granting leave would cause unjustified delay and prejudice to creditors and the liquidation process.