6 Oct 2017
GLENVAR PROPERTY HOLDINGS LTD (IN LIQUIDATION) v REYNOLDS [2017] NZHC 2463 [6 October 2017]
- Citation
- [2017] NZHC 2463
- Court
- High Court
The Court accepted the direct evidence of Ms Cui and Ms Lin over the liquidator's documentary inferences, held there was no resulting trust or liability on BDK for the $1,000, found the $130,000 payment to Ms Cui proved but applied s310 to set off the $801,000 paid by Ms Lin (acting as agent for Ms Cui) against Glenvar's claims, treated the $177,465.99 payments as reimbursements, and on that basis dismissed the plaintiffs' claims and entered judgment for the defendants.