15 Dec 2011
VICTORIA STREET APARTMENTS LTD (IN LIQUIDATION) and ANOR v SHARMA and ORS HC AK CIV-2009-404-008377
- Citation
- openlaw-4af0c52b_34ff_4841_a65e_1c353357d828.pdf
- Court
- High Court
Judgment awarded for plaintiffs in the specified principal amounts; only simple interest was available because no defendant both had fiduciary liability and could be shown to have personally profited such that compound interest would be justified; interest runs from the date each improper payment was made; set off for an unpleaded and unproven director's salary is rejected; costs are deferred pending provision of scale particulars and may include indemnity uplift against the first defendant subject to assessment.