High Court temporarily freezes NZF Group's assets
The High Court has temporarily frozen NZF Group's assets at the request of the receivers of its former finance company.
Tuesday, 10 April 2012
by Jenny Ruth
NZF Group chief executive Mark Thornton says interim orders granted in favour of NZF Money's receivers, Grant Graham and Brendon Gibson of KordaMentha, prevent his company from dealing with or disposing of any assets except for very limited purposes.
At a substantive hearing in the High Court on April 27 "the company will seek to have the freezing orders lifted," Thornton says.
Last week, NZF revealed the receivers had launched legal action against an unspecified number of its past and present directors alleging an insolvent transaction.
The Serious Fraud Office is also investigating NZF Group with a primary focus on alleged related party transactions going back to 2006.
Commenting is closed
Weekly Updates including news and commentary
Today's Best Bank Rates
Today's Top 5 Deposit Rates
Find a Rate
Cash PIE Rates
10 April 2017
12 January 2017
11 January 2017
21 November 2016
12 November 2016
Disclaimer - Every possible effort has been made to keep the information in the tables and on this site as accurate as possible, however, neither the publisher, Tarawera Publishing, nor anyone engaged to compile the rates and this site accept any liability for inaccuracies or any loss suffered as a result. It is strongly advised that readers check loan details with providers. The full terms and conditions of this site can be found here.
© Copyright 1997-2017. Tarawera Publishing Ltd. All Rights Reserved.