Read the full judgment text of HCA 009549/1993 on BabelCite. This High Court CFI judgment was delivered on 25 January 1995.
1. On 22nd October 1993, the three Plaintiffs commenced proceedings against the four Defendants. By the Statement of Claim endorsed on the writ, the Plaintiffs alleged that by an agreement dated 29th June 1993, the Plaintiffs had agreed to sell their shares in Kenbase Ltd. ("the Company") to the Defendants for the sum of $1,323,018.00. That sum was to be paid in instalments by various post-dated cheques, and the agreement provided that if the Defendants failed to pay any of the instalments on th