Prudential-Bache Securities (Australia) Ltd v Jacaranda Securities Ltd Prudential-Bache Securities (Australia) Ltd v Caris Ltd [1998] FCA 1667
The court was satisfied on the evidence and material presented (including affidavits) that the respondents were liable for the amounts claimed pursuant to loan agreements, and judgment was entered accordingly with interest and costs awarded to the applicant.
- Parties
- Applicant: Prudential-Bache Securities (Australia) Ltd; Respondent: Jacaranda Securities Ltd; Respondent: Caris Ltd
- Jurisdiction
- Australia
- Judgment Date
- 27 November 1998
- Procedural Posture
- Civil / Judgment
- Outcome
- Judgment for the applicant
- Legal Topics
- Loan Agreements, Debt Recovery
Case Brief
Summary, issues, holding and outcome
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Parties
Prudential-Bache Securities (Australia) Ltd
Applicant
Jacaranda Securities Ltd
Respondent
Caris Ltd
Respondent
Procedural Posture
Civil / Judgment
Legal Issues
- 1 Whether the respondents are liable to the applicant for the amounts claimed under the loan agreements
Ratio Decidendi
The court was satisfied on the evidence and material presented (including affidavits) that the respondents were liable for the amounts claimed pursuant to loan agreements, and judgment was entered accordingly with interest and costs awarded to the applicant.
Court Disposition
Judgment for the applicant
Orders
- Judgment entered against Caris Ltd for $4,868,815.10 with interest at 10.1% per annum to date of judgment and costs to applicant
- Judgment entered against Jacaranda Securities Ltd for $690,316.05 with interest at 8.1% per annum to date of judgment and costs to applicant
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