22 Apr 2010
WESLEY JOHN LIDDLE V BANK OF NEW ZEALAND AND THE BNZ CREDIT CARDS SERVICE AND ORS HC AK CIV 2009-404-005377
- Citation
- openlaw-f744eb73_ecb0_41d0_90cf_9fd2fc2ecacd.pdf
- Court
- High Court
The provisional trustee lacked authority to reject the Bank's properly lodged proof of debt and vote; because the Bank was a secured creditor whose approval was required and it opposed the proposal, the Bank's vote alone defeated the proposal and the Court dismissed the proposal.