4 Jun 2009
KAWEKA RANCH LIMITED V HOLT AND ORS HC NAP CIV-2009-441-000278
- Citation
- openlaw-b0c1575a_c87f_4821_9b20_f16eb8e62dfa.pdf
- Court
- High Court
Although directors were deadlocked, the plaintiff failed to prove on the balance of probabilities that its assets were at risk of serious jeopardy between the hearing and the return date; therefore the Court declined to exercise its inherent jurisdiction to appoint an interim receiver and refused interim relief, the balance of convenience favoring the status quo.