Read the full judgment text of HCA 000749/1994 on BabelCite. This High Court CFI judgment was delivered on 23 September 2002.
1. The 1st to 4th plaintiffs are joint applicants for subscription of shares in the defendant. They sought to withdraw the application and claimed the return of an initial deposit of $2 million. The defendant contested that the plaintiffs are not entitled to the return of the instalment, and counterclaimed the two outstanding instalments.