22 Dec 2011
WESTPAC NEW ZEALAND LIMITED V SINGH HC AK CIV-2011-404-2434
- Citation
- openlaw-bd4c0c84_9235_46d9_8704_3fc62b012cc6.pdf
- Court
- High Court
Defendants raised no arguable defence: Westpac met its s176 duty by obtaining consistent valuations and reasonable marketing, the sale price lay within the expert valuation range, sale procedures were adequate and deductions correct; accordingly summary judgment is entered for Westpac for the amount claimed.
- Mortgagee sale
- Duty of sale (s176)
- Summary judgment
- Set-off
- Valuation
- Indemnity costs