18 Nov 2008
COOK NELSON STREET LEASEHOLD LIMITED V CASTLE PROPERTY MANAGERS LIMITED AND ANOR HC AK CIV 2008-404-693
- Citation
- openlaw-6552c6b7_2ac2_4510_bef4_9587316b795d.pdf
- Court
- High Court
The Court found that Castle had not completed documentation for refinancing or given required notice and that Cook validly exercised the Put Option; Castle defaulted on settlement on 2 April 2008 and Bryers is liable as guarantor, such that the defendants had no arguable defence to the claim and summary judgment was appropriate ordering payment of $1,935,000 plus default interest and costs.