2 Dec 2008
CREDIT INVESTMENTS LIMITED V GOH HC AK CIV-2008-404-1713
- Citation
- openlaw-934b90f5_42b9_4092_98f5_8131b7420190.pdf
- Court
- High Court
The defendant had no credible or substantiated defence: the term loan and detailed schedule were negotiated with solicitor involvement, the defendant had opportunity and was invited to confirm the schedule, receipts supported many advances, allegations of misrepresentation and related-party impropriety lacked corroboration, there was no evidence the lender was in possession or that the sale was at undervalue, therefore summary judgment was appropriate and entered for the plaintiff for the shortfall and interest.