17 Sept 2015
MADSEN-RIES AND LEVIN v BRYANT [2015] NZHC 2267
- Citation
- [2015] NZHC 2267
- Court
- High Court
Payments of $47,030 made to the respondent between 1 April 2012 and 31 March 2013 were preferences voidable under s292 because AG47 Ltd was unable to pay its debts as they fell due; the respondent did not establish a s296(3) defence; the proper remedy is to set aside the payments and order repayment with interest and costs.