Receivers, bank sued for 'ongoing losses'
The embattled former owners of a Marlborough vineyard are taking legal action against the receivers and WestPac Bank employees to recoup ongoing losses.
Sentinel Vineyard Partnership owned by Marlborough couple Lynette and Neil Berry was put into receivership in March 2011, just before harvest.
Since then the Berrys have lost their Wrekin Rd home and vineyard, while Mr Berry battles terminal prostate cancer.
The receivers, BDO Chartered Accountants, gave notice of receivership ceasing on September 19.
Mrs Berry did not want to talk about the receivership, but said they are prepared to take the matter further. "The receivership has ceased and the ongoing losses caused by the receiver and Westpac employees are sought, action will be taken."
"I believe justice will be done."
The couple moved from the Wrekin Rd property in March and is still living in Blenheim.
The receivers refused to comment to the Express. Westpac also declined to comment.
The Berrys have always claimed their financial problems started because Westpac Bank didn't understand how viticulture worked.
The company's assets, which included a three-bedroom house and 14-hectare vineyard on Wrekin Rd, valued at $1,325,000, were put into receivership in March 2011.
The property failed to attract any bids at a mortgagee auction in June last year.
Quotable Value records show the receivers sold the property for $750,000 on November 11.
- The Marlborough Express