31 Aug 2023
CDC SERVICES LIMITED (IN LIQUIDATION) v CLARK [2023] NZHC 2392
- Citation
- [2023] NZHC 2392
- Court
- High Court
The Court granted summary judgment in part: it accepted liquidators' claims requiring adjustment of the defendant's current account for (a) retention/undisclosed disposition of company funds and bank deposits totalling NZD 50,345.20 and (b) disallowance of the director's credit for a USA Unimog introduced to the company (NZD 52,500.00). The Court declined summary judgment on claims alleging introduced stock credits, large unaccounted-for stock reconciliations, and the New Zealand Unimog (GBLMOG) valuation because material factual and valuation issues and evidentiary gaps remained. The Court f…