19 May 2021
BANK OF NEW ZEALAND v ROXBURGH [2021] NZHC 1115
- Citation
- [2021] NZHC 1115
- Court
- High Court
The defendants executed the Guarantee and Indemnity; the receiver appointment constituted an event of default making the indebtedness immediately payable; demands were made and remain unpaid; no defence was filed or shown to have any real prospect of success; accordingly summary judgment is entered for the Bank for the principal, contractual interest (calculated under the Facility Document and Master Terms and pursuant to s 22(2) of the Interest on Money Claims Act 2016) and contractual costs and disbursements.