19 Dec 2013
CROWN ASSET MANAGEMENT LIMITED v DUNVEGAN SEADOWN LIMITED [2013] NZHC 3483
- Citation
- [2013] NZHC 3483
- Court
- High Court
The application to wind up is dismissed because there is a genuine and substantial dispute about whether the debt exists: Clause 7 of the Settlement Agreement is ambiguously worded and capable of an interpretation (and of rectification) that extinguishes the debt, and unresolved issues about authority of the co‑obligee and factual matters mean Crown has not established it is a creditor entitled to a liquidation order.