close
MENU
Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Law
3 mins to read

Supreme Court rejects former Optimizer HQ director’s appeal bid

Auckland businessman Manas Kumar was in 2022 ordered to pay $850,000 in Smartpay dispute.

Manas Kumar.

Key points
  • What’s at stake: Whether the Supreme Court will hear an Auckland businessman’s appeal against owing $850,000 for more than 1100 missing Smartpay terminals.
  • Background: Optimizer HQ, which provided mobile credit card payments services and was founded by Manas Kumar, has been locked in a legal battle with Smartpay and BNZ, accusing them of conspiring in 2015 to cause harm to the business.
  • Main players: Manas Kumar, Optimizer HQ, Smartpay, Spark, BNZ, Supreme Court.

The director of a former NZX aspirant who was ordered to pay $850,000 in compensation to NZX-listed Eftpos equipment provider Smartpay, has failed in his bid to take his claim to the Supreme Court.

Optimizer HQ – which provided mobile credit card payments services and was founded by Auckland

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Hamish McNicol Mon, 19 Feb 2024
Contact the Writer: Hmcnicol@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Key points
  • What’s at stake: Whether the Supreme Court will hear an Auckland businessman’s appeal against owing $850,000 for more than 1100 missing Smartpay terminals.
  • Background: Optimizer HQ, which provided mobile credit card payments services and was founded by Manas Kumar, has been locked in a legal battle with Smartpay and BNZ, accusing them of conspiring in 2015 to cause harm to the business.
  • Main players: Manas Kumar, Optimizer HQ, Smartpay, Spark, BNZ, Supreme Court.
Company profile
Powered by: nzx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Supreme Court rejects former Optimizer HQ director’s appeal bid
Law,
102771
true