19 Jul 2007
MERIDIAN HOMES LIMITED (IN LIQUIDATION) V ALLEN AND ANOR HC AK CIV-2007-404-356
- Citation
- openlaw-f84a7099_1c4d_4d83_b410_b34cb2b7c791.pdf
- Court
- High Court
The applicant is entitled in principle to protection via the $35,000 interim figure; the court ordered the parties' agreement to include $35,000 to preserve the caveat and security pending adjudication, while reserving leave to the first respondents to apply at short notice to reduce that sum if they can demonstrate that payment would prevent them obtaining necessary bank finance.