Capital + Merchant Finance receivers' case against the failed finance firm's trustee for alleged breached of duty did not begin as expected with lawyers instead meeting with a judge behind closed doors.
The Herald understands a conditional settlement has been reached.
Justice Raynor Asher did not elaborate on any settlement in a minute provided to the media this morning , but he did say "it is to be hoped that a resolution of the issues can be found".
The judge adjourned the case, which was sought by both Perpetual Trust and law firm Stace Hammond.
"I am satisfied that the case cannot proceed today. I therefore grant the adjournment application," he said.
