7 May 2021
THOMAS and THOMAS v HARNISH [2021] NZHC 1007
- Citation
- [2021] NZHC 1007
- Court
- High Court
The Court found the company defaulted by failing to pay the November 2016 instalment, the plaintiffs validly accelerated the loan and validly appointed receivers under the general security agreement and applicable law, and the receivers acted as agents of the company so the plaintiffs are not liable for the receivers' conduct; summary judgment on liability for the plaintiffs was granted and the matter was adjourned for proof of quantum.