14 Jun 2011
TREVOR ARTHUR TIPLADY V ASB BANK LIMITED T/A THE NATIONAL BANK OF NEW ZEALAND AND WESTPAC NEW ZEALAND LIMITED HC AK CIV-2011-404-2097
- Citation
- openlaw-5f6c7609_14d2_4a30_9b76_c8b83ef73715.pdf
- Court
- High Court
The court approved the proposal because the statutory procedures were complied with, the proposal was accepted by the requisite majority in number and value, the terms were reasonable and calculated to benefit the general body of creditors, proper provision was made for trustee fees and meeting costs, and there was no opposition or public interest reason to refuse approval.