Stay of proceedings lifted in Stonewood Homes case

QUEENSTOWN

A STAY of proceedings that was granted to Queenstown Mayor Jim Boult in the High Court case brought against him by the liquidators of Stonewood Homes Ltd has been lifted.

Associate Judge Owen Paulsen ruled in a decision on August 21 liquidators Rhys Cain and Rees Logan could apply to lift the stay once satisfactory steps had been taken to address legal matters to do with the way the case was being funded.

Mr Cain yesterday said the temporary stay of proceedings granted to Mr Boult was lifted by Associate Judge Paulsen on September 25.

Mr Boult was a director of Stonewood Homes before it was placed in receivership on February 22, 2016, owing large sums of money to unsecured creditors.

A hearing date for the case is now being arranged.