Steel & Tube appeals ruling to avoid defunct subsidiary's unpaid rental debt

Wed, 20 Apr 2016

By Sophie Boot April 20 (BusinessDesk) - Steel & Tube Holdings wants to strike out a ruling that left it responsible for outstanding rent payments owed by a now-defunct subsidiary company that it had put into liquidation. The Lower Hutt-based steel products maker is appealing a September 2015 High Court decision that it was responsible for its Stube subsidiary's lease on an Auckland property owned by Lewis Holdings. Steel & Tube had directly paid Stube's rents and rates since at least 2003 and renewed the Lewis property leases in 2009...

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