28 Apr 2023
ZHAO v ZHENG [2023] NZHC 983
- Citation
- [2023] NZHC 983
- Court
- High Court
The agreement did not support an arguable equitable mortgage because it did not furnish the right to compel registration (it required the respondent to sell rather than grant a mortgage); however the agreement was reasonably arguable as giving rise to an equitable charge identifying the property as security for the debt; the caveat as lodged was defective because it claimed an equitable mortgage rather than an equitable charge, so the caveat was removed, but leave under s146 was granted to lodge a second caveat claiming an equitable charge provided the claimant files substantive proceedings f…