20 Dec 2013
GEODESIC TECHNOLOGY SOLUTIONS LTD v. AXIS BANK LTD
- Citation
- GEODESIC TECHNOLOGY SOLUTIONS LTD v. AXIS BANK LTD
- Court
- Court of First Instance
- Case number
- HCMP2287/2013
The March 2011 debenture was a self‑standing continuing all‑monies security binding on the plaintiff and was not discharged or excluded by the executed May 2012 letter, which constituted a renewal/continuation of existing facilities rather than a standalone replacement; therefore the debenture remained effective and the defendant validly appointed receivers and managers; the originating summons is dismissed and costs are awarded to the defendant.