27 Sept 2018
CROWN FINANCE LIMITED v CRONIN [2018] NZHC 2535
- Citation
- [2018] NZHC 2535
- Court
- High Court
The court declined to accept plaintiff’s claim that post‑maturity advances to the receiver were made under the expired Term Loan Agreement absent evidence of a new or separate loan; accordingly the plaintiff failed to establish entitlement to the full claimed sum and default interest on those advances, and judgment was entered for the alternative reduced sum of $583,572.79 with costs of $1,561.