13 Aug 2013
DALE KING BUILDING SUPPLIES LIMITED v HATLEY [2013] NZHC 2045
- Citation
- [2013] NZHC 2045
- Court
- High Court
The adjudication was properly made so s 309(1)(a) did not apply; however annulment under s 309(1)(c) was granted because the bankrupt produced credible, time‑limited refinancing that will enable payment in full of all proved creditors and the Official Assignee's costs, subject to conditions requiring an undertaking and sealing within a fixed period.