6 Jul 2020
WNY GROUP LTD v CROWN RANGE HOLDINGS LTD [2020] NZHC 1585
- Citation
- [2020] NZHC 1585
- Court
- High Court
The caveat is sustained because there is a reasonably arguable case that Norrie had actual (including implied) and apparent authority to bind Crown Range to the loan agreements and that s18(1)(d) of the Companies Act applies; accordingly applicants have a reasonably arguable proprietary interest to support the caveat, and they must file a proceeding against Crown Range within 20 working days.