18 Jul 2022
LUO v SHIU and CSR POKENO LIMITED v LUO [2022] NZHC 1707
- Citation
- [2022] NZHC 1707
- Court
- High Court
The Court granted a stay of execution pending determination of the appeal conditioned on the applicants providing adequate security within 15 working days: (1) $800,000 paid into Pidgeon Judd trust (if not already paid); (2) a first registered mortgage over 2 Orion St, Papakura in favour of the respondents with a priority amount of $1,000,000 (applicants to bear costs); and (3) a bank bond in favour of the Court for the remaining judgment sums plus interest or alternatively an undertaking from Pokeno West that it will not approve sale of the Munro Rd property; statutory demands were set aside…