High Court Wellington
4, 26 February 1985
Prichard J
4, 26 February 1985
Prichard J
Company law — Winding-up petition — Arbitration — In interim award arbitrator found contractor's liability was limited to $100,000 - Contractor then sought payment of balance of contract price after deducting $100,000 as the maximum employer might recover if successful in its claim for damages — Employer claimed damages for pre-contractual misrepresentation were not subject to $100,000 limit in contract — Contractor threatened winding-up proceedings if amount not paid — Whether the presentation of a winding-up petition was an abuse of process — Whether an injunction restraining contractor from presenting the petition should be discharged — Whether a Mareva injunction obtained by employer should be set aside.
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