Read the full judgment text of HCMP 002793/1999 on BabelCite. This High Court CFI judgment was delivered on 22 May 2000.
1. The Plaintiff in these proceedings, ABN Amro Bank N.V. ("ABN"), issued an Originating Summons seeking determination of the issues of whether the Defendants were entitled to exercise a right of set-off in respect of various fixed deposits placed by Readen Company Limited (in liquidation) ("Readen") with the Defendants or whether the sums of money represented by the deposits should be paid to the receivers or liquidators of Readen as secured by or otherwise available in settlement of the outsta