Read the full judgment text of HCA 000085/1969 on BabelCite. This High Court CFI judgment was delivered on 12 May 1969.
1. The first defendant is managing director and the second defendant is a director of International Transistor Corp. (H.K.) Ltd. (hereinafter referred to as "the principal debtor"). On 23rd July, 1965, the two defendants executed an undertaking for repayment of overdraft facilities granted to the principal debtor by the plaintiff bank. The undertaking reads in part:-