31 Mar 2021
SAMY TRUSTEE LTD v PAUANUI DREAM ESTATE LTD [2021] NZHC 701
- Citation
- [2021] NZHC 701
- Court
- High Court
The strike out application was dismissed because the amended statement of claim raised reasonably arguable causes under s 174; s 174 is broadly cast and Baker v Hodder leaves open that s 174 can, in particular circumstances, reach shareholder refusals of s 129 approvals; the threshold for strike out under r 15.1 was not met and factual issues including standing should be resolved at trial.