11 May 2007
WKB LIMITED V W.K. BACKHOUSE LIMITED AND ORS HC WANG CIV-2006-483-395
- Citation
- openlaw-2aa708b1_3c0d_4a0b_871c_211366f5a11d.pdf
- Court
- High Court
Defendants first and fourth had no arguable defence to the quantum claims; interest on the unpaid purchase price was properly calculated on the agreed monthly average balance method; category 2 stock debt was acknowledged and owing; interest under s87 was payable on the category 2 stock debt; indemnity costs were payable under the Director's Guarantee—therefore summary judgment was granted against the first and fourth defendants for the total sum of $191,297.74 and judgment entered against the third defendant per his admission.