Develpoment Bank of Seychelles v Enrico Famulari (CC 15/2015) [2015] SCSC 222 (1 July 2015)

Develpoment Bank of Seychelles v Enrico Famulari (CC 15/2015) [2015] SCSC 222 (1 July 2015)

Judgment was entered for the plaintiff as the defendant, through counsel, admitted the claim in open court.

Source-derived case information.

Citation
[2015] SCSC 222
Parties
Plaintiff: Development Bank of Seychelles; Defendant: Enrico Famulari
Court
Supreme Court
Jurisdiction
Seychelles
Case Number
CC 15/2015
Procedural Posture
Civil / Judgment
Outcome
Judgment for the plaintiff
Legal Topics
Loan Recovery, Admission of Claim
Source Language
en
Banking Law Contract Law Loan Recovery Admission of Claim

Source-derived case record

Summary, issues, holding and outcome

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Parties

Development Bank of Seychelles

Plaintiff

Enrico Famulari

Defendant

Procedural Posture

Civil / Judgment

  1. 1 Whether the defendant is liable to pay the outstanding loan amount to the plaintiff as per the agreement

Ratio Decidendi

Judgment was entered for the plaintiff as the defendant, through counsel, admitted the claim in open court.

Court Disposition

Judgment for the plaintiff

Orders

  • Defendant to pay plaintiff SCR 1,950,649 with continuing interest at 10% per annum on the principal sum as per the agreement dated 26th July, 2011, from 1st March, 2015, plus costs.