Read the full judgment text of HCA 005389/1988 on BabelCite. This High Court CFI judgment.
1. The purpose of the loan was to buy Renong shares and the 1st defendant deposited those shares (5.3 million) with the bank as security and the 2nd defendant guaranteed the loan.On the 6th May 1986, the plaintiff bank declared an event of acceleration as interest due on the 3rd April had not been paid.The repayment of the loan was demanded from 1st defendant. The 2nd defendant was given notice of their intention to call upon his guarantee.On the 29th April 1986 the 3rd defendant met Mr. Tam, th