14 Dec 2015
MCKEOWN GROUP LTD v ELDON MINING LTD and MEATES [2015] NZHC 3186
- Citation
- [2015] NZHC 3186
- Court
- High Court
Reconstructing the company ledgers and applying standard commercial practice to the application of payments showed that transfers and credits did not reduce the guarantor's exposure; accordingly Meates had no tenable defence and summary judgment was properly entered for $72,814.98 against both Eldon Mining Limited and Meates.