Read the full judgment text of CACV 148/2012 on BabelCite. This Court of Appeal judgment was delivered on 8 May 2013.
1. This is the defendant’s appeal against the judgment of Deputy Judge Seagroatt on 7 June 2012. The plaintiff’s claim arose out of the dishonour of a post-dated cheque for $40 million drawn by the defendant in favour of the plaintiff pursuant to a settlement agreement dated 18 November 2008 (“the Settlement Agreement”). By the judgment, the defendant was ordered to pay the plaintiff $29,645,550.16 with interest, being $40 million less $10,354,449.84, which were the proceeds of sale of part of t
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