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High Court grants an order temporarily restraining the sale of an investment property, following the plaintiff's claim that the receiver's proposed sale price was significantly below market value, potentially breaching the plaintiff's rights, on the grounds that the plaintiff presented a serious question to be tried regarding whether the receiver had taken reasonable steps to secure the best possible price, as required by their duty.
Interlocutory injunction - investment property - undervalue sale - receiver's duty - best possible price - Cuckmere duty - balance of justice - adequacy of damages - estate agents - market value - property rights - mortgagee - mortgagor - breach of duty - High Court - expedited trial - Hunters Estate Agents - BidX1 - DNG Estate Agents - Capital Gains Tax - property market dynamics - expert evidence - transparency - property sale process.
Note: This is intended to be a fair and accurate report of a decision made public by a court of law. Any errors should be notified to the editor and will be dealt with accordingly.
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