3 May 2018
M3 CONSTRUCTION MANAGEMENT LIMITED v CHELSEA VIEW ESTATE TRUST LIMITED [2018] NZHC 930
- Citation
- [2018] NZHC 930
- Court
- High Court
The court concluded Chelsea View Estate Trust Ltd was insolvent based on substantial unpaid work over an extended period, non-compliance with a statutory demand, and repeated unfulfilled assurances of finance; the defendant produced no evidentiary basis for an arguable defence so leave to file a defence out of time was refused and a liquidation order was made with liquidators appointed.