Read the full judgment text of HCA 021102/1998 on BabelCite. This High Court CFI judgment was delivered on 16 March 2000.
1. This is an appeal by the 1st and 4th defendants from an order by the master whereby summary judgment was entered against the 1st and 4th defendants in the total sum of some $4 million odd in respect of the banking facilities granted by the plaintiff bank to the 1st defendant whereby such debt in the amount aforesaid was incurred. The 4th defendant, being the major and controlling shareholder of the 1st defendant, was the guarantor of the indebtedness of the 1st defendant company to the plaint