21 May 1984
WARDLEY LTD AND OTHERS v. AIK SAN REALTY LTD AND ANOTHER
- Citation
- WARDLEY LTD AND OTHERS v. AIK SAN REALTY LTD AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCA379/1984
The Defence and supporting evidence failed to raise any genuine triable issue: the 15/16 September letters gave only a 90-day forbearance and entitlement to credit for any sale during that period; the charge of Xipho shares and deposit of certificates constituted additional security and did not convert or displace the defendants' primary liability under the Guarantee; the Receivers validly sold the Red Hill property by private contract within their powers; accordingly summary judgment under Order 14 was granted for the plaintiffs for the principal sums claimed against each defendant less cred…