16 Dec 2008
JOHN RICHARD TOWNSEND GIFFORD AND SUELLEN GIFFORD AND ORS HC NAP CIV 2008-441-713
- Citation
- openlaw-2c3b33e3_0f5d_429f_bad3_90fabfc7a388.pdf
- Court
- High Court
The application for an interim injunction was refused because the applicants, as guarantors and not the victim company, had a low likelihood of success on the pleaded novel causes of action; the balance of convenience favoured the bank given long-standing default, rapidly accruing indebtedness, valuations indicating diminishing security, inadequate offer to remedy default, and risk of prejudice to the bank outweighing potential prejudice to the applicants.