How Appeal Court ruling affects secured creditors in liquidations

The Court of Appeal has ruled that a secured creditor vote is invalid in a liquidation but the security remains.

This is because liquidation meetings are for unsecured creditors, who may only vote if they also have an unsecured debt.

The case was between Damien Grant and Steven Khov (as

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Chris Hutching for NBR NZ Property Investor
Thu, 05 Mar 2015

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