8 Apr 2022
REVEAL NZ LIMITED v INTHAYUNG [2022] NZHC 712
- Citation
- [2022] NZHC 712
- Court
- High Court
Grant preservation because applicant demonstrated a prima facie claim to an interest in the Vehicles and there were good reasons to preserve them: the defendant's undertaking did not bind third parties; an unexplained and unusual PPSR financing statement raised real concerns; the Vehicles were insured in the plaintiff's name with unknown compliance; and custody/storage was unclear, creating a real risk to the plaintiff's interests; accordingly the Vehicles must be surrendered to and held by the plaintiff (liquidators) pending further order.