16 May 2023
DIRECTUS SOUTH EAST ASIA LIMITED v CNG INTERNATIONAL LIMITED [2023] NZHC 1161
- Citation
- [2023] NZHC 1161
- Court
- High Court
Summary judgment was granted because the defendants had no real defence to the plaintiff's claim on the clear unqualified contractual indemnity: defendants had waived or were estopped from invoking the valuation and dispute resolution mechanisms by their conduct and delay, plaintiff reasonably mitigated loss by paying the creditor to avoid further interest and costs, unconscionability allegations lacked evidential foundation, and alleged counterclaims were inchoate and could not constitute an equitable set-off sufficient to defeat the claim on summary judgment.