30 Aug 2019
SANDFIELD ASSOCIATES LTD v MONNERY [2019] NZHC 2151
- Citation
- [2019] NZHC 2151
- Court
- High Court
Convendium proved an overdrawn shareholders' current account to at least $512,346.73 by reliance on signed pre‑liquidation accounts, tax returns and identifiable bank payments; s301 was inapplicable to this ordinary debt claim; the defendants' assertions about agreed salary/drawings and related litigation did not disclose an arguable defence or justify withholding summary judgment; judgment entered for Convendium with interest from the liquidators' demand date.