4 Oct 2011
AOTEAROA KIWIFRUIT EXPORT LIMITED V ANZ NATIONAL BANK LTD HC TAU CIV 2011-470-000697
- Citation
- openlaw-adea5767_dd23_4f1b_b426_3fa1f30c6320.pdf
- Court
- High Court
The Court held ANZ was not on notice of any defect in Ms Norman's authority under s 18, the delayed written consent amounted at most to a defect and s 158 validates her acts as director for the purposes of binding AKE to the guarantee, therefore there was no substantial dispute to set aside the statutory demand; AKE was insolvent and immediate liquidation was ordered with a liquidator appointed.