10 Jul 2020
MAINZEAL PROPERTY & CONSTRUCTION LTD (IN LIQ) & ORS v YAN [2020] NZHC 1659
- Citation
- [2020] NZHC 1659
- Court
- High Court
The Court exercised its discretion under s42 to halt the adjudication in bankruptcy pending the imminent appeal because the appeal was bona fide, prosecution diligent, and there was a real risk bankruptcy would render the appeal nugatory; the Court declined to order additional security given the timing and that security issues are properly addressed by the appellate process.