{\rtf1\ansi\ansicpg1252\uc1\deff0\stshfdbch0\stshfloch0\stshfhich0\stshfbi0\deflang1033\deflangfe1033{\fonttbl{\f0\froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman;}{\f37\froman\fcharset238\fprq2 Times New Roman CE;}
{\f38\froman\fcharset204\fprq2 Times New Roman Cyr;}{\f40\froman\fcharset161\fprq2 Times New Roman Greek;}{\f41\froman\fcharset162\fprq2 Times New Roman Tur;}{\f42\froman\fcharset177\fprq2 Times New Roman (Hebrew);}
{\f43\froman\fcharset178\fprq2 Times New Roman (Arabic);}{\f44\froman\fcharset186\fprq2 Times New Roman Baltic;}{\f45\froman\fcharset163\fprq2 Times New Roman (Vietnamese);}}{\colortbl;\red0\green0\blue0;\red0\green0\blue255;\red0\green255\blue255;
\red0\green255\blue0;\red255\green0\blue255;\red255\green0\blue0;\red255\green255\blue0;\red255\green255\blue255;\red0\green0\blue128;\red0\green128\blue128;\red0\green128\blue0;\red128\green0\blue128;\red128\green0\blue0;\red128\green128\blue0;
\red128\green128\blue128;\red192\green192\blue192;}{\stylesheet{\ql \li0\ri0\nowidctlpar\wrapdefault\faauto\rin0\lin0\itap0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 \snext0 Normal;}{\*\cs10 \additive \ssemihidden Default Paragraph Font;}{\*
\ts11\tsrowd\trftsWidthB3\trpaddl108\trpaddr108\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\trcbpat1\trcfpat1\tblind0\tblindtype3\tscellwidthfts0\tsvertalt\tsbrdrt\tsbrdrl\tsbrdrb\tsbrdrr\tsbrdrdgl\tsbrdrdgr\tsbrdrh\tsbrdrv 
\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \fs20\lang1024\langfe1024\cgrid\langnp1024\langfenp1024 \snext11 \ssemihidden Normal Table;}{\*\cs15 \additive \sbasedon10 \ssemihidden footnote reference;}}
{\*\rsidtbl \rsid8009915\rsid13641889\rsid15347776\rsid15730963}{\*\generator Microsoft Word 10.0.6829;}{\info{\title IN THE HIGH COURT OF FIJI}{\operator freriks_k}{\creatim\yr2008\mo12\dy4\hr15\min18}{\revtim\yr2009\mo1\dy14\hr10\min4}{\version4}
{\edmins7}{\nofpages2}{\nofwords518}{\nofchars2955}{\nofcharsws3467}{\vern16393}{\*\password 00000000}}{\*\xmlnstbl }\paperw12240\paperh15840\margl2160\margr1440\margt1440\margb1440\gutter0 
\widowctrl\ftnbj\aenddoc\grfdocevents0\notabind\wraptrsp\transmf\noxlattoyen\expshrtn\noultrlspc\dntblnsbdb\nospaceforul\truncatefontheight\subfontbysize\sprsbsp\wpjst\lytprtmet\horzdoc\dghspace120\dgvspace120\dghorigin1701\dgvorigin1984\dghshow0\dgvshow3
\jcompress\viewkind4\viewscale100\nolnhtadjtbl\rsidroot13641889 \fet0{\*\wgrffmtfilter 013f}\sectd \sbknone\linex0\headery1440\footery1440\sectdefaultcl\sectrsid13641889\sftnbj {\*\pnseclvl1\pnucrm\pnstart1\pnindent720\pnhang {\pntxta .}}{\*\pnseclvl2
\pnucltr\pnstart1\pnindent720\pnhang {\pntxta .}}{\*\pnseclvl3\pndec\pnstart1\pnindent720\pnhang {\pntxta .}}{\*\pnseclvl4\pnlcltr\pnstart1\pnindent720\pnhang {\pntxta )}}{\*\pnseclvl5\pndec\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl6
\pnlcltr\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl7\pnlcrm\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl8\pnlcltr\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl9\pnlcrm\pnstart1\pnindent720\pnhang 
{\pntxtb (}{\pntxta )}}\pard\plain \qc \li0\ri0\nowidctlpar\wrapdefault\faauto\rin0\lin0\itap0\pararsid8009915 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915 
IN THE HIGH COURT OF FIJI
\par AT SUVA
\par CIVIL JURISDICTION
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\rin0\lin0\itap0\pararsid8009915 {\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915 
\par }\pard \qc \li0\ri0\nowidctlpar\wrapdefault\faauto\rin0\lin0\itap0\pararsid8009915 {\lang2057\langfe1033\langnp2057\insrsid8009915 CIVL }{\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915 ACTION NO. HBC 0196 OF 1998
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\rin0\lin0\itap0\pararsid8009915 {\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915 
\par }\pard \qc \li0\ri0\nowidctlpar\wrapdefault\faauto\rin0\lin0\itap0\pararsid8009915 {\b\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915 IN THE MATTER }{\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915 
of Mortgage No. 310103 over Certificate of Title No. 7966 given by }{\b\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915 ISHWARI PRASAD BAJPAI}{\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915  in favour of }{
\b\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915 NBF ASSET MANAGEMENT BANK}{\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915 
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\rin0\lin0\itap0\pararsid8009915 {\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915 
\par }\pard \qc \li0\ri0\nowidctlpar\wrapdefault\faauto\rin0\lin0\itap0\pararsid8009915 {\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915 BETWEEN:}{\lang2057\langfe1033\langnp2057\insrsid8009915 
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\rin0\lin0\itap0\pararsid8009915 {\lang2057\langfe1033\langnp2057\insrsid8009915 
\par }\pard \qc \li0\ri0\nowidctlpar\wrapdefault\faauto\rin0\lin0\itap0\pararsid8009915 {\b\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915 NBF ASSET MANAGEMENT BANK}{\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915  a body
\par Corporate duly constituted under the National
\par Bank of Fiji Restructuring Act, 1996 and having}{\lang2057\langfe1033\langnp2057\insrsid8009915  }{\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915 its registered office at Suva}{\lang2057\langfe1033\langnp2057\insrsid8009915 
\par }{\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915 Plaintiff
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\rin0\lin0\itap0\pararsid8009915 {\b\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915 
\par }\pard \qc \li0\ri0\nowidctlpar\wrapdefault\faauto\rin0\lin0\itap0\pararsid8009915 {\lang2057\langfe1033\langnp2057\insrsid8009915\charrsid8009915 AND:
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\rin0\lin0\itap0\pararsid8009915 {\lang2057\langfe1033\langnp2057\insrsid8009915 
\par }\pard \qc \li0\ri0\nowidctlpar\wrapdefault\faauto\rin0\lin0\itap0\pararsid8009915 {\b\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915 SHEELA WATI BAJPAI}{\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915  as Executrix of the

\par Estate of Ishwari Prasad Bajpai of 4 \'bd Miles,}{\lang2057\langfe1033\langnp2057\insrsid8009915  }{\lang2057\langfe1033\langnp2057\insrsid8009915\charrsid8009915 Nasinu
\par }{\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915 1st Defendant
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\rin0\lin0\itap0\pararsid8009915 {\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915 
\par }\pard \qc \li0\ri0\nowidctlpar\wrapdefault\faauto\rin0\lin0\itap0\pararsid8009915 {\lang2057\langfe1033\langnp2057\insrsid8009915\charrsid8009915 AND:
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\rin0\lin0\itap0\pararsid8009915 {\lang2057\langfe1033\langnp2057\insrsid8009915 
\par }\pard \qc \li0\ri0\nowidctlpar\wrapdefault\faauto\rin0\lin0\itap0\pararsid8009915 {\b\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915 RAHUL BAJPAI}{\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915 , Businessman of 4 \'bd
 Miles,
\par }{\lang2057\langfe1033\langnp2057\insrsid8009915 Nasinu
\par }{\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915 2nd Defendant
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\rin0\lin0\itap0\pararsid8009915 {\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915 
\par T.W. Seeto for the Plaintiff
\par H.K. Nagin for the Defendants
\par 
\par Dates of Hearing: 27th June, 13th November 2000
\par Date of Ruling\tab : 12th July 2001}{\lang2057\langfe1033\langnp2057\insrsid8009915\charrsid8009915  }{\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915 
\par 
\par }\pard \qc \li0\ri0\nowidctlpar\wrapdefault\faauto\rin0\lin0\itap0\pararsid8009915 {\b\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915 RU}{\b\lang2057\langfe1033\langnp2057\insrsid8009915 LIN}{
\b\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915 G
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\rin0\lin0\itap0\pararsid8009915 {\b\ul\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915 
\par }{\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915 
On the 2nd of February 2000 I ordered the First Defendant to deliver to the Plaintiff vacant possession of a property described in Certificate of Title 7966 Lot 19 D.P.1864 and gave reasons for my order in a judgment of that date.
\par 
\par Now before me is a Notice of Motion requesting a stay of execution pending appeal to the Fiji Court of Appeal.}{\lang2057\langfe1033\langnp2057\insrsid8009915  }{\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915 
The Plaintiff claimed that as at the date of my judgment an amount of $14,375,727.19 was owing to it under a mortgage on the property which had been valued at $195,000.00.
\par 
\par The Plaintiff offered to sell the property to the First Defendant for $150,000.00 and said that that price was not negotiable.}{\lang2057\langfe1033\langnp2057\insrsid8009915  }{\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915 
The highest offer the Plaintiff received was $120,000.00.}{\lang2057\langfe1033\langnp2057\insrsid8009915  }{\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915 The Defendant offered $123,000.00 but the Plaintiff rejected this offer.
\par 
\par It was alleged before me both at the original hearing and on the application for stay that the mortgage in question was granted to the First Defendant\rquote s husband now deceased to secure advances to himself and not his compan
y and that consequently no order for vacant possession should be made.
\par 
\par I rejected that argument initially and reject it again now.}{\lang2057\langfe1033\langnp2057\insrsid8009915  }{\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915 The law in my judgment is quite clear.}{
\lang2057\langfe1033\langnp2057\insrsid8009915  }{\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915 On page 4 of my judgment I quoted from Paget on The Law of Banking, 6th Edition at pa
ge 106 where it is said that where several accounts exist a Bank can combine them unless the customer has explicitly authorised it to keep the}{\lang2057\langfe1033\langnp2057\insrsid8009915  }{
\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915 accounts separate.}{\lang2057\langfe1033\langnp2057\insrsid8009915  }{\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915 
It has not been suggested that there has been any such authorisation in this case and I therefore hold there is no merit in the First Defendant\rquote s argument.}{\lang2057\langfe1033\langnp2057\insrsid8009915  }{
\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915 
In my view the law on this question is very clear and has been stated time and again by the Courts in this country and overseas to be that when restraint of a mortgagee is sought failing payment
 into Court of the amount sworn by the mortgagee as due and owing under the mortgage, no restraint should be placed by the Courts on the exercise of the mortgagee\rquote s right under the mortgage - }{
\ul\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915 Inglis and Another v. The Commonwealth Trading Bank of Australia}{\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915 , 126 CLR 161.
\par 
\par Counsel for the Plaintiff stated that if I was minded to grant a stay of my judgment I should order the First Plaintiff to pay into the Court a sum of between $500,000.00 and $14,000,000.00.
\par 
\par Although I think the Plaintiff is being very gen
erous towards the First Defendant in suggesting such a comparatively low amount as $500,000.00 compared with the sum due under the mortgage which by now must be in excess of $14,000,000.00, I am prepared to accede to the Plaintiff\rquote 
s suggestion by ordering the First Defendant to pay into the Court within 14 days of the delivery of this Ruling the sum of $500,000.00 failing which the application for stay will be refused.}{\lang2057\langfe1033\langnp2057\insrsid8009915  }{
\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915 I so order.
\par 
\par }\pard \qc \li0\ri0\nowidctlpar\wrapdefault\faauto\rin0\lin0\itap0\pararsid8009915 {\b\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915 JOHN E. BYRNE
\par }{\b\ul\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915 J}{\b\ul\lang2057\langfe1033\langnp2057\insrsid8009915\charrsid8009915 UD}{\b\ul\lang2057\langfe1033\langnp2057\insrsid13641889\charrsid8009915 GE
\par }}