Torchlight Fund No 1 LP (in receivership) and NZ Credit Fund (GP) 1 Limited v Wilaci Pty Limited - SC 56/2017

Summary

Civil Appeal – Whether the Court of Appeal erred in holding that a late payment fee was not an unlawful penalty.

Result

A The application for leave to appeal is dismissed.
B The applicants must pay the respondent costs of $2,500.
14 July 2017

Related Documents

High Court decision — TORCHLIGHT FUND NO.1 LP (IN RECEIVERSHIP) v JOHNSTONE & ORS [2015] NZHC 2559 [19 October 2015]

Leave judgment - leave dismissed — TORCHLIGHT FUND NO 1 LP (IN RECEIVERSHIP) v WILACI PTY LIMITED [2017] NZSC 112[14 July 2017] (PDF 85 KB)

Additional Information

Judgment appealed from

WILACI PTY LIMITED v TORCHLIGHT FUND NO 1 LP (IN RECEIVERSHIP) [2017] NZCA 152 [2 May 2017]