Read the full judgment text of HCA 002412/2004 on BabelCite. This High Court CFI judgment was delivered on 3 May 2005.
1. The Plaintiff company, Niceton Worldwide Limited, (Niceton) sues the defendants for the return of the sum of $2 million advanced pursuant to a convertible loan facilities agreement, (the agreement). The advance was made to the 1 st Defendant, Archie Sani-Tech (BVI) Limited, (Archie BVI), and guaranteed by the 2 nd , 3 rd , 4 th , 5 th and 6 th Defendants. Summary judgment was given against the 2 nd , 4 th , 5 th and 6 th Defendants by the Master and they now appeal to this court.
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