Associated Telerad Servicing Co Ltd v NZI Finance Ltd - [1984] 2 NZLR 19

Commercial law — Credit contracts — Oppressive — Penalty interest — Company had defaulted in payment of monthly instalments on moneys advanced and had incurred penalty interest which it refused to pay — Finance company threatened to petition for the company's winding up — Company sought interim injunction to prevent finance company filing a winding-up petition until determination of its application under Credit Contracts Act — Whether interim injunction should be granted — Companies Act 1955, s 218 - Credit Contracts Act 1981, ss 9, 10 and 40.