Read the full judgment text of HCAJ 000168/2003 on BabelCite. This HCAJ judgment was delivered on 9 November 2004.
1. On 16 December 2003, the court entered default judgment in all three actions in favour of the plaintiffs’ mortgagees for the principal sums owing and the court also ordered that the plaintiffs “do recover interest on the principal at such rate for such period up to the judgment date as the court will subsequently determine”. This hearing was therefore to resolve the difference between the parties as to very substantial matter of default interests to be awarded to the plaintiffs.