Read the full judgment text of DCCJ 000775/2010 on BabelCite. This District Court judgment.
1. The Plaintiff was a licensed money-lender. It had lent money to the respective Defendants, who failed to repay. The Plaintiff obtained judgment in default. The Master made an order, among others, that the Defendants were to pay interest on the outstanding loans at judgment rate from the date of judgment until full payment. The Plaintiff appeals such order, on the basis that interest between the date of judgment until full payment shall be at 27% per annum, namely the contractual rate accordin