19 Mar 2010
CROWN MONEY CORPORATION LIMITED V REGIS HOLDINGS LIMITED AND ORS HC AK CIV-2009-404-001528
- Citation
- openlaw-49b8ac6e_6372_4a22_aca5_aced824213c4.pdf
- Court
- High Court
The defendants had admitted liability and failed to produce evidential material to sustain their opposition or justify further adjournment; repeated adjournments to enable repayment had failed and the plaintiff's reduced calculation still established an outstanding debt. Accordingly the court entered judgment on the admissions for the sum claimed ($2,857,000.17) and ordered post-judgment interest at the contractual default rate of 20% p.a., and confirmed the plaintiff's entitlement to solicitor/client costs for the appearance.