16 Oct 2014
THOMAS AND KMA GROUP LTD v EQUIPMENT FINANCE LTD [2014] NZHC 2542
- Citation
- [2014] NZHC 2542
- Court
- High Court
The High Court dismissed the appeals: the District Court was not wrong in principle to find EFL discharged its obligations under s110 PPSA by using a specialist dealer and obtaining reasonable prices; the 707 undervalue ruling did not afford a basis for Mr Thomas to appeal the dismissed claim; KMA failed to prove loss or ownership of ancillary items and therefore its claim failed; costs orders awarding costs to EFL were appropriate and within discretion.