Read the full judgment text of HCA 009096/1991 on BabelCite. This High Court CFI judgment was delivered on 25 March 1997.
1. Although both the statement of claim and the counterclaim in this action seek a number of declarations and orders from the Court, there is in effect only one main issue, namely whether there is a binding agreement by the Defendants to sell their two shares in the 3rd Defendant by counterclaim to the Plaintiff for $1.00 each, evidenced by an instrument of transfer, and bought and sold notes, signed by the parties. If not, the Defendants are still shareholders, and, as it is not denied by the P