NFCS LTD v NEXTGEN DEVELOPERS LTD ET.AL
The 30,000,000 Frw cheque dated 30/10/2019 was part of the previously agreed 48,000,000 Frw debt and not an additional debt; the 8,500,000 Frw cheque dated 06/06/2019 was unrelated to the tender and should not be included in the debt. Profits and interests from the tender must be distributed equally between NFCS Ltd. and Gasirikare Evariste after deducting the principal investment. Gasirikare Evariste's claim for 18% economic damages was inadmissible as it was raised for the first time at the appellate level. Each party should bear its own legal costs at this stage, but previous orders for pr…
Source excerpt
- Cheques and negotiable instruments
- Partnership agreements
- Debt recovery
- Voluntary intervention
- Procedural fees