Tarnjit Singh Gill v Sanjay Anand & Anor

Tarnjit Singh Gill v Sanjay Anand & Anor

The Claimant is entitled to repayment of the capital sums loaned under the six oral agreements, with contractual interest only for the fixed terms expressly agreed, and statutory interest at 4% per annum thereafter. No further adjournment is warranted; enforcement is stayed for 14 days to allow for any relief application.

Parties
Claimant: Tarnjit Singh Gill; First Defendant: Sanjay Anand; Second Defendant: Bobby Singh
Jurisdiction
England and Wales
Judgment Date
18 December 2024
Procedural Posture
Civil Contract (loan Recovery) / Assessment of Sums Due Following Judgment After Defence Struck Out
Outcome
Judgment for the Claimant for £3,280,000 plus statutory interest at 4% per annum from the relevant dates; enforcement stayed for 14 days for any relief application by the First Defendant.
Legal Topics
Loan Agreements, Assessment of Damages, Interest Rates, Relief From Sanctions, Summary Judgment
Contract Law Civil Procedure Loan Agreements Assessment of Damages Interest Rates Relief From Sanctions Summary Judgment

Case Brief

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Parties

Tarnjit Singh Gill

Claimant

Sanjay Anand

First Defendant

Bobby Singh

Second Defendant

Procedural Posture

Civil Contract (loan Recovery) / Assessment of Sums Due Following Judgment After Defence Struck Out

Legal Issues

  1. 1 Whether the Claimant is entitled to repayment of capital sums loaned to the First Defendant under six oral loan agreements
  2. 2 Whether the Claimant is entitled to contractual or statutory interest on the sums loaned
  3. 3 Whether the First Defendant is entitled to further adjournment or relief from sanctions

Ratio Decidendi

The Claimant is entitled to repayment of the capital sums loaned under the six oral agreements, with contractual interest only for the fixed terms expressly agreed, and statutory interest at 4% per annum thereafter. No further adjournment is warranted; enforcement is stayed for 14 days to allow for any relief application.

Court Disposition

Judgment for the Claimant for £3,280,000 plus statutory interest at 4% per annum from the relevant dates; enforcement stayed for 14 days for any relief application by the First Defendant.

Orders

  • First Defendant to pay Claimant £3,280,000 in capital sums under six loans.
  • Statutory interest at 4% per annum to be paid on each loan from the end of the agreed loan period to the date of judgment.