Rabobank gets $3m statutory demand made against it dismissed

Auckland high court. (Image: File)

Mon, 09 Jan 2023

Rabobank has successfully gone to the high court to get a statutory demand thrown out for $3 million it did not owe from someone it did not know.In June last year, the bank tipped P&M Family Trust into receivership under a loan agreement dating back to December 2009, with its property going on the market in a tender process.In August last year, Warren Phillips, whose connection to the trust was unclear and not known to the bank, sent Rabobank a document titled “security/negotiable instrument”, claiming he had paid the bank about...

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