2 Oct 2018
ALPINE SOUTH FISHING LIMITED (in Receivership) & ANOR v KIM & ORS [2018] NZHC 2579
- Citation
- [2018] NZHC 2579
- Court
- High Court
Although the plaintiffs raised serious questions to be tried, the balance of convenience favors the defendants because the loan principal of at least NZ$150,000 remained unpaid, the Roydale Avenue property is owned by the company and is the only available asset to satisfy the debt, and damages would be an adequate remedy if the sale was later found improper; accordingly the interim injunction should not be continued and the sale may proceed.