2 Apr 2013
BRUCE JAMES KING V ASB BANK LIMITED HC AK CIV-2013-404-561
- Citation
- openlaw-d28ee5ef_4a05_4385_b8d2_84fd21d7518e.pdf
- Court
- High Court
The interim injunction was granted solely to preserve the opportunity for the Reid proposal to be considered; that proposal has failed, so no serious issue remains to be tried and the balance of convenience now favours the bank given the deed of priority, likely shortfall and ongoing costs and interest; consequently the injunction must be refused and the scheduled auction permitted to proceed.