Court freezes $5.7m Parnell deal, on behalf of mortgagee
Deal done without the knowledge of the lender, and in an ‘underhanded and unlawful’ manner.
2 Stanley Road, Parnell.
The High Court has granted freezing orders to a mortgagee company, setting aside the $5.7 million sale of a well-known Parnell bar and hotel to a company controlled by former Shortland St star and property investor Paul Reid.
The lender in the case, Premier Legal Financial GP, brought a ‘without
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