New Zealand Case Law: Decisions & Judgments | LexChat

New Zealand Case Law

Bankruptcy and secured creditors
  • 13 Aug 2009

    TEA CUSTODIANS (PACIFIC) LIMITED V TAKARANGI AND ANOR HC WN CIV 2009-485-001081

    Citation
    openlaw-5ed2dbe0_4814_4655_b2f1_c59a9ce562e0.pdf
    Court
    High Court

    The plaintiff was entitled to summary judgment for possession because the defendant defaulted and failed to remedy the default after a valid s92 notice, the Official Assignee disclaimed interest, insolvency law preserves the mortgagee's right to realise the security, and the defendant advanced no real defence to defeat summary judgment; accordingly an order for vacant possession was justified.

    • Mortgagee possession
    • Mortgagee sale
    • Bankruptcy and secured creditors
    • Summary judgment
    • Default notice and enforcement