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Consolidated Traders Ltd v Downes - [1981] 2 NZLR 247

$30.00

High Court Wellington
6, 9 March 1981
Davison CJ
Court of Appeal Wellington
11 March 1981
Cooke, McMullin and Vautier JJ
Injunction — Interim injunction to prevent receiver selling company's asset — Receiver had been appointed under powers conferred by a mortgage debenture — After trading for nine months, receiver arranged auction of company's deer farm — Company claimed sale was unnecessary and contrary to good faith — Whether company should be granted an interim injunction to restrain receiver from conducting sale.

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