Read the full judgment text of DCCJ 001354/2004 on BabelCite. This District Court judgment.
1. In this action the Plaintiff claimed the repayment of two loans in the sums of $381,393.46 and $359,682.54 advanced to the 1st Defendant under two loan agreements dated 2 nd November 1998 and 14 th November 1998 respectively. Default judgment was entered against the 1st Defendant on 4 th February 2004. In default of payment by the 1 st Defendant the Plaintiff now claims against the 2nd Defendant, a director of the 1st Defendant, under the terms of a personal guarantee given by him at the ti