Offord v Patel [pdf, 90 KB]
...Adjudicator: S G Lockhart QC Dated 5 December 2008 2 BACKGROUND [1] The first respondent, Mr Patel, was both the sole director and the principal shareholder of the second respondent company, Rite Price Construction Limited (Rite Price) formed in May 1994. Mr Patel held 70% of the shares and the remaining 30% of shares was held by his wife. [2] On 27 March 1995, Rite Price purchased land in John Rymer Place, Kohimarama, Auckland. According to Mr Patel, the purch...