NOTE: PURSUANT TO S 169 OF THE FAMILY PROCEEDINGS ACT 1980, ANY REPORT OF THIS PROCEEDING MUST COMPLY WITH SS 11B, 11C AND 11D OF THE FAMILY COURT ACT 1980. FOR FURTHER INFORMATION, PLEASE SEE
https://
NOTE: PURSUANT TO S 35A OF THE PROPERTY (RELATIONSHIPS) ACT 1976, ANY REPORT OF THIS PROCEEDING MUST COMPLY WITH SS 11B,
11C AND 11D OF THE FAMILY COURT ACT 1980. FOR FURTHER INFORMATION, PLEASE SEE
https://IN THE HIGH COURT OF NEW ZEALAND AUCKLAND REGISTRY
I TE KŌTI MATUA O AOTEAROA TĀMAKI MAKAURAU ROHE
CIV-2022-404-817
[2023] NZHC 3027
UNDER the Property (Relationships) Act 1976, s 182 of the Family Proceedings Act 1980, Companies Act 1993 and the Trusts Act 2019 BETWEEN
NAYANA MASTERS
Plaintiff
AND
SANJAY ARVIND MASTERS
First Defendant
continued…
Hearing: 9 October 2023 Appearances:
J D Noble for Plaintiff
K D Puddle for Third Defendant
M K Macnab for Fourth and Fifth DefendantJudgment:
31 October 2023
JUDGMENT OF ASSOCIATE JUDGE LESTER
This judgment was delivered by me on 31 October 2023 at 12.45pm
pursuant to Rule 11.5 of the High Court Rules
Registrar/Deputy Registrar
………………………………..……
MASTERS v MASTERS [2023] NZHC 3027 [31 October 2023]
AND SANJAY ARVIND MASTERS and
BHARAT PARSHOTAM, as trustees of the Sylvania Trust
Second Defendants
AND ARROWMASTERS LIMITED (in
liquidation)
Third Defendant
AND SANJAY ARVIND MASTERS
and HASMUKHBEN MASTERS, as
trustees of the Ennismore Trust Fourth Defendants
AND ARVIND SHIVLAL MASTERS
Fifth Defendant
[1] Nayana Masters (Nayana) and Sanjay Masters (Sanjay) were married in July 1992. They separated in February 2017 and their marriage was dissolved in April 2020, however their broader relationship property issues remain unresolved.
[2] One of Nayana’s main concerns is that value she believed existed during her relationship with Sanjay has been lost, however, her attempts to secure that value have led to her claim becoming overly complicated; the claim now running to 20 causes of action.
[3] The assets relevant to the present application and how they were held at separation are as follows:
Address Held by during relationship 172
Great South Road
Masters Enterprises Limited
]
] The commercial
] properties
174 Great South Road Masters Enterprises Limited 9 Albion Street Masters Enterprises Limited 24A
John Rymer Place
Sylvania Trust
]
] The residential
] properties]
39 Albert Street Sylvania Trust 434A Hillsborough Road Sylvania Trust 37A Sylvania Crescent Masters Enterprises Limited
[4] All of the above properties were eventually transferred to Arrowmasters Limited (Arrowmasters), which is now in liquidation.
[5] It is now common ground that the commercial properties were held by Arrowmasters as its own assets with the remaining properties, all residential, held on trust for the Ennismore Trust, the fourth defendant. The current pleading is that all the properties were held for Ennismore Trust. At the hearing, Mr Noble, counsel for Nayana, confirmed that position was not maintained; that concession alone will require the claim to be re-drafted.
[6] The residential properties were transferred by the Sylvania Trust (the…
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