13 May 2022
SKYHORSE TRANSPORT LIMITED v GREENHILL HOME LIMITED [2022] NZHC 1034
- Citation
- [2022] NZHC 1034
- Court
- High Court
The stay was not lifted because there remained a genuine and substantial dispute about the indebtedness that displaced the statutory-demand presumption; the defendant had taken steps to secure the disputed funds in trust and had proposed binding dispute-resolution options; the plaintiff failed to prove insolvency on the evidence so the liquidation application was dismissed.