11 Jul 2017
RUDGE & ANOR v SHED 21 INVESTMENTS LIMITED (IN LIQ) [2017] NZHC 1595
- Citation
- [2017] NZHC 1595
- Court
- High Court
Because the caveator failed to prosecute the underlying proceedings for an extended period (about 12 years) in breach of the earlier condition requiring due diligence, and the liquidators consented to the proceedings against the company in liquidation, the court ordered that the caveat be lapsed and removed from the title.