DFC New Zealand Ltd v McKenzie - [1993] 2 NZLR 576

Practice and procedure — Limitation of proceedings — Guarantee of payment of moneys due under debenture — Claim for shortfall of interest — Whether time for commencement of proceedings ran from appointment of receivers or from demand for payment of interest — Meaning of "on demand" - Limitation Act 1950, ss 4(3) and 20(4).