Its a pretty stupid case and the judge probably realises that. Basically the receiver is acting for a bank - ANZ. Banks make money out of earning interest on loans. By wanting the loan closed early they will loose interest. Makes you wonder what's ANZ's take on this. Particularly, now that the credit squeeze is largely over, money is cheaper AND anz make more out of loosing the case than winning it.
hawkswood, page-10
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