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\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 IN THE HIGH COURT OF FIJI
\par AT LABASA
\par CIVIL JURISDICTION
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8919734 {\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8919734 {\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 CIVIL ACTION NO. }{\lang2057\langfe1033\langnp2057\insrsid8919734\charrsid8919734 HBC00}{
\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 39 OF 2001
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8919734 {\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8919734 {\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 Between:
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8919734 {\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8919734 {\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 PARMOD CHAND
\par }{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 s/o Vishnu Prasad
\par Plaintiff
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8919734 {\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8919734 {\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 and
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8919734 {\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8919734 {\b\lang2057\langfe1033\langnp2057\insrsid8919734\charrsid8919734 1. }{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 AUSTRALIA AND NEW ZEALAND BANKING}{
\b\lang2057\langfe1033\langnp2057\insrsid8919734  }{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 GROUP LIMITED
\par 2.}{\b\lang2057\langfe1033\langnp2057\insrsid8919734\charrsid8919734  }{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 VISHNU HOLDINGS LIMITED
\par }{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 Defendants
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8919734 {\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
\par Mr. A. Sen for Plaintiff
\par Mr. H. Lateef for 1st Defendant
\par Mr. A. Kohli for 2nd Defendant
\par 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8919734 {\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 DECISION
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8919734 {\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
\par By }{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 Summons}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734  dated 10th October 2001 the plaintiff applied for an Order restraining the first defendant (the }{
\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 62 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 ANZ}{
\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
 ) whether by itself, its servants and/or agents from dealing in
 whatsoever manner and in particular from advertising for sale or calling for tender of the property comprised in Native Lease No. 13989 and C.T. No.12841 upon the grounds set out in the affidavit of the plaintiff filed herein.
\par 
\par On 25th October 2001 the matter was called at High Court Labasa when counsel for Plaintiff and ANZ appeared and by consent interim injunction in respect of CT.12841 was dissolved.
\par 
\par It was then ordered that both parties file written submissions within 7 days and if need be, plaintiff to file a Reply within 7 days thereafter and decision was to be given on notice.}{\lang2057\langfe1033\langnp2057\insrsid8919734  }{
\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 Thereafter I proceeded on leave and counsel were notified of this and did not resume work until 28 January 2002.}{\lang2057\langfe1033\langnp2057\insrsid8919734  }{
\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 At the time of making this decision Mr. Lateef for 1st defendant had filed his submission in time but no submission has been filed by the plaintiff.}{
\lang2057\langfe1033\langnp2057\insrsid8919734  }{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 So I decided to write my decision and considered the submission filed by}{\lang2057\langfe1033\langnp2057\insrsid8919734  }{
\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 the 1st defendant.
\par 
\par }{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 Plaintiff}{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{
\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 s contention}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
\par 
\par The plaintiff}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
s affidavit set out the facts pertaining to the dealings between the parties.}{\lang2057\langfe1033\langnp2057\insrsid8919734  }{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
The Bank (ANZ) made a demand for payment of the full amount but the plaintiff and D2 were unable to meet the demand.}{\lang2057\langfe1033\langnp2057\insrsid8919734  }{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
However, they were making arrangements with other lending agencies for loan to pay off ANZ.
\par }{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
\par }{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 First Defendant}{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{
\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 s contention}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
\par 
\par For ANZ, Christopher Robin Griffiths, Head of Asset Management, in reply to the plaintiff}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{
\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 s affidavit stated, inter alia, that it was the plaintiff}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols"
 \\s 12}{\fldrslt\f36\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 s responsibility to repay loan account No. 2 and he undertook to do it but has failed to do so.}{\lang2057\langfe1033\langnp2057\insrsid8919734  }{
\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
The plaintiff advised ANZ that repayments on loan account 2 would commence from 1 October 2001 and the arrears in repayments would be cleared by 31 December 2001 but this was unacceptable to ANZ. 
\par 
\par The plaintiff has been in default under the mortgage and despite several reminders by ANZ and despite his assurances to remedy the same he has failed to do so.}{\lang2057\langfe1033\langnp2057\insrsid8919734  }{
\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 The Bank is no longer in a position to allow the debt to drag on any further.}{\lang2057\langfe1033\langnp2057\insrsid8919734  }{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
The Bank is saying that arranging of refinance is merely an excuse trying to restrain the Bank as mortgagee exercising its power of sale.
\par 
\par For ANZ, Mr. Iqbal Khan, Relationship Manager,}{\lang2057\langfe1033\langnp2057\insrsid8919734  }{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 in his affidavit stated, inter alia, that at the material time he was ANZ}{
\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
s branch manager in Labasa and had approved the loans to the plaintiff.}{\lang2057\langfe1033\langnp2057\insrsid8919734  }{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 In addition to }{
\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 loan I}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 , the plaintiff applied for the loan (}{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 loan 2}{
\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 ) for himself to assist him in the purchase of a freehold residential property in Savusavu, Vanualevu being C.T. No. 12841.}{\lang2057\langfe1033\langnp2057\insrsid8919734  }{
\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 As security for loan 2 the plaintiff had agreed that the securities provided for loan I were also to secure loan 2 and in addition he had offered the said CT No. 12841 as additional security.}
{\lang2057\langfe1033\langnp2057\insrsid8919734  }{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 The applicant had C.T. No. 12841 transferred to his name to facilitate loan 2 and to enable him to provide the same as
 security for loan 2 as shown in the }{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 62 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
loan agreement}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 .}{
\lang2057\langfe1033\langnp2057\insrsid8919734  }{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 Mr. Khan denies that the loan was for the benefit of the second defendant.
\par 
\par }{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 Consideration of the issue}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
\par 
\par On the issue before me I have a very helpful and comprehensive written submission from Mr. H. Lateef the learned counsel for the first defendant (ANZ), but none from the plaintiff/applicant, although ordered, and also from the second defendant.
\par 
\par No submission either oral or written having been put before the Court, it can be taken for granted that the statement of facts contained in the two affidavits filed}{\lang2057\langfe1033\langnp2057\insrsid8919734  }{
\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 on behalf of ANZ are not disputed by the plaintiff.
\par 
\par The law pertaining to the issue before me has been so well presented in Mr. Lateef}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{
\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 s written submission that I can do no better than to adopt it in its entirety in this decision.
\par 
\par }{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 Interlocutory injunction}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
\par 
\par The principles governing interlocutory injunction are laid down in the oft}{\lang2057\langfe1033\langnp2057\insrsid8919734 -}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 quoted case of }{
\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 American Cyanamid Co. v Ethicon Ltd}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734  (1975) 1 All E.R. in particular the speech of }{
\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 Lord Diplock}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734  at p.407.
\par }{\lang2057\langfe1033\langnp2057\insrsid8919734 
\par }{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 In this case there is no serious question to be tried.}{\lang2057\langfe1033\langnp2057\insrsid8919734  }{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
Upon reading the affidavit evidence before me I find that the plaintiff}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{
\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 s allegation are frivolous and unmeritorious.}{\lang2057\langfe1033\langnp2057\insrsid8919734  }{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
I accept the response of ANZ to the allegation and reject the plaintiff}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{
\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 s assertion.
\par 
\par The plaintiff can be adequately compensated for in damages should he succeed in his action as the defendant Bank is in a sound position to pay same.
\par 
\par Here I find that damages as a remedy is sufficient.}{\lang2057\langfe1033\langnp2057\insrsid8919734  }{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 On a balance of convenience on the facts an injunc
tion is not appropriate to prevent the defendant as mortgagee exercising its power of sale.
\par 
\par It is also a well settled law that the Court will not interfere with the mortgagee}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{
\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 s power of sale unless the mortgagor pays the full mortgage amount into Court.}{\lang2057\langfe1033\langnp2057\insrsid8919734  }{
\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 (See: }{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 Inglis and Another }{\b\lang2057\langfe1033\langnp2057\insrsid8919734 -}{
\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 v}{\b\lang2057\langfe1033\langnp2057\insrsid8919734 -}{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734  Commonwealth Trading Bank of Australia (1972) 126 C.L.R. 161}{
\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734  }{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 and}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734  }{
\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 Ramesh Bhai Maisuria & Usha Ben Maisuria }{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 Civil Action 299 of 2001.}{\lang2057\langfe1033\langnp2057\insrsid8919734  }{
\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 The Applicant has not paid the amount outstanding under the mortgage, hence extension of the interi}{\lang2057\langfe1033\langnp2057\insrsid8919734 m injunction should be refused.}{
\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
\par }{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
\par }{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 Mortgagee}{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{
\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 s power of Sale}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
\par 
\par It was stated by the plaintiff that if the properties were sold now they will not fetch the right price because of the economic situation.
\par 
\par Be that as it may, the mortgagee is not a trustee of the power of sale for the mortgagor and he was only under a duty to take reasonable care to obtain whatever was the true market value of the mortgaged property at the moment he chose to sell it.}{
\lang2057\langfe1033\langnp2057\insrsid8919734  }{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 (}{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 Cukmere Brick Co. Ltd. v. Mutual Finance Ltd}{
\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734  [1972] All E.R. 633) and as I said in }{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 Ramesh Bhai Maisuria & Usha Ben Maisuria}{
\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734  (supra)
\par 
\par }\pard \ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid8919734 {\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 62 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{
\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 ... it did not prevent the mortgagee from enforcing the security if there was default in payment and if market conditions were deteriorating and the value of the security was decreasing.}{
\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8919734 {\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
\par In the absence of allegation of fraud, the Court will not interfere with the mortgagee}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{
\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 s power of sale on the facts and circumstances of this case.
\par 
\par }{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 Consumer Credit Act 1999}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
\par 
\par In response to the allegation that the defendant Bank cannot proceed to sell Native Lease No. 13989 since the default in }{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 Loan I}{
\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 ,}{\lang2057\langfe1033\langnp2057\insrsid8919734  }{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 has been remedied pursuant to s.81 of the Consumer Credit Act (the }{
\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 62 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 Act}{
\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
) all it needs to be said is that the Act has no retrospective effect.}{\lang2057\langfe1033\langnp2057\insrsid8919734  }{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 It came into operation on 7 May 1999 and the credit contra
ct and the mortgage in respect of }{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 loan I}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734  was executed prior to when the Act came into operation.}{
\lang2057\langfe1033\langnp2057\insrsid8919734  }{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 The Act itself is silent on the }{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 62 \\f 
"WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 retrospective}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols"
 \\s 12}{\fldrslt\f36\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734  operation.
\par 
\par The common law position on the }{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 65 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
retrospective}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 64 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
 application of the legislation is well settled as stated by }{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 Scarman J}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734  quoting a passage from }{
\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 Maxwell On 
\par }{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
\par }{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 Interpretation of Statutes}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734  in the case of }{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
Carson v Carson and Stoyek}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734  [1964] 1 All ER 681 at 686
\par 
\par }\pard \ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid8919734 {\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 65 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{
\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 Upon the presumption that the legislature does not intend what is unjust rests the leaning against giving certain statutes a retrospective operation....}{
\lang2057\langfe1033\langnp2057\insrsid8919734  }{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
They are construed as operating only in cases or on facts which come into existence after the statutes were passed unless a retrospective effect be clearly intended.}{\b\lang2057\langfe1033\langnp2057\insrsid8919734  }{
\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 It is a fundamental rule of English law t
hat no statute shall be construed to have a retrospective operation unless such construction appears very clearly in the terms of the Act, or arises by necessary and distinct implication.}{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
{\field{\*\fldinst SYMBOL 64 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8919734 {\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
\par }{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 Mortgage is an }{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 62 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{
\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 on demand facility}{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{
\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
\par 
\par In this case Loan I is an }{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 62 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 on
 demand facility}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
 and the Applicant by executing the mortgage over Native Lease No. 13989 in favour of the 1st Defendant has expressly agreed to pay the 1st Defendant the principal sum secured by the mortgage and any interest and charges accrued on the principal sum }{
\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 62 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 on demand}{
\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
 of the 1st Defendant even if there has been no default made on the payments.
\par 
\par On }{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 62 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 on demand}{
\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734  }{
\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 Upjohn J}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734  in }{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 Lloyds Bank Ltd v Mangoli}{
\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 s}{
\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734  (1954) 1 All E.R. 734 at 738 said and it is apt:
\par 
\par }\pard \ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid8919734 {\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 65 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{
\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 In my judgment where there is the relationship of
 banker and customer and the banker permits his customer to overdraw on the terms of entering into a legal charge which provides that the money which is then due or is thereafter to become due is to be paid }{
\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 62 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 on demand}{
\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 , that means what it says.}{
\b\lang2057\langfe1033\langnp2057\insrsid8919734  }{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 As between 
the customer and banker, who are dealing on a running account, it seems to me impossible to assume that the bank were entitled to sue on the deed on the very day after it was executed without making a demand and giving the customer a reasonable time to pa
y.}{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 64 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8919734 {\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
\par The statutory legal position with regard to payment on demand is confirmed by }{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 Section 78}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734  of the }{
\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 Property Law Act Cap.130 }{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 which provides that:
\par 
\par }\pard \ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid8919734 {\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 65 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{
\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 Where money secured by a mortgage is made payable on demand, a demand in writing pursuant to the provisions 
of the mortgage shall be deemed to be the notice in writing to pay the money owing provided for by section 77, and no other notice shall be required to create the default in payment mentioned in section 79}{
\b\lang2057\langfe1033\langnp2057\insrsid8919734 '}{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8919734 {\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
\par It is clear that the reason the 1st Defendant is exercising its rights under the mortgage is because the plaintiff has not complied with the Defendant}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 61 \\f 
"WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 s demand for update of arrears on Loan 2 which is also secured by Native Lease No. 13989.}{\lang2057\langfe1033\langnp2057\insrsid8919734  
}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 The plaintiff subsequently provided assurances to the 1st Defen
dant to clear the entire debt with the 1st Defendant and despite time given by the 1st Defendant the same remains outstanding todate.
\par 
\par Furthermore it has been held that a mortgagee is entitled to pursue any or all of his remedies against the debtor or the debtor}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols"
 \\s 12}{\fldrslt\f36\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
s assets not only upon the default of the mortgagor in payment of the mortgage debt but also as soon as there is some other breach of the terms of the mortgage where the mortgage so provides }{
\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 (Palmer }{\b\lang2057\langfe1033\langnp2057\insrsid8919734 -}{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 v}{\b\lang2057\langfe1033\langnp2057\insrsid8919734 -}{
\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734  Hendrie (1859) 27 Beav 349 at 351.
\par }{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8720747 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8720747 {\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 The plaint
iff defaulted in his repayments on both Loans 1 and 2 although arrears on Loan I was updated only after service of default notice.}{\lang2057\langfe1033\langnp2057\insrsid8919734  }{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
Arrears on Loan 2 has still not been updated and this breach enables the defendant Bank to withdraw the facility for Loan I and demand payment of the full debt as per certain agreed conditions.
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8919734 {\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8720747 {\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 The plaintiff also failed to clear the entire debt despite providing assurances through his solicitors since 7 May 2001.
}{\lang2057\langfe1033\langnp2057\insrsid5135947 
\par }{\lang2057\langfe1033\langnp2057\insrsid8720747\charrsid8919734 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8919734 {\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 Bank and customer relationship}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
\par 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8720747 {\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 The defendant was in these circu
mstances left with no alternation but to proceed with enforcement action against the plaintiff.}{\lang2057\langfe1033\langnp2057\insrsid8919734  }{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
It had no faith in maintaining the plaintiff as its customer.}{\lang2057\langfe1033\langnp2057\insrsid8919734  }{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 On banker/customer relationship see the judgment of }{
\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 Byrne J }{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 in }{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 Krishna Prasad Vilash and Broadway 
Muffler Manufacturing Co. Ltd v Australia and New Zealand Banking Group Limited }{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 HBC 0230 of 2001.}{\lang2057\langfe1033\langnp2057\insrsid8919734  }{
\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 There }{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 Byrne J}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734  said:
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8919734 {\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
\par }\pard \ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid8919734 {\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 65 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{
\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 I am satisfied that the Plaintiffs never kept numerous promises either to refinance their loan or sell the properties in question.}{\b\lang2057\langfe1033\langnp2057\insrsid8919734  }{
\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 The Defendant contends in these circumstances it has the right to sell the Plaintiffs it no longer wishes them to be its customers.}{
\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 64 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8919734 {\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8720747 {\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 His Lordship then referred to }{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 Paget}{
\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 s Law of Banking }{
\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 9th Edition at pages 70}{\lang2057\langfe1033\langnp2057\insrsid8919734 -}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 72 where at p.70 the authors say:
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8919734 {\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
\par }\pard \ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid8919734 {\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 65 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{
\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 The relationship of banker and customer is one of contract, though for long this way of looking at the matter seemed not to have attracted much attention in the Courts.}{
\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 64 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8919734 {\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8720747 {\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 It is worthy of note in the context of this case what His Lordship said while refusing to grant the injunction in }{
\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 Vilash}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734  (supra).}{\lang2057\langfe1033\langnp2057\insrsid8919734  }{
\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 He said:
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8919734 {\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
\par }\pard \ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid8919734 {\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 65 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{
\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 ...In }{\b\ul\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 Prosperity Limited v Lloyds bank Limited (1923) TLR 372}{
\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734  McCardie J held that in the absence of special stipulation a banker can close his customer}{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL
 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 s banking account in credit only on giving him a reasonable n
otice, dependent on the nature of the account and the facts and circumstances of the case.}{\b\lang2057\langfe1033\langnp2057\insrsid8919734  }{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
In the instant case I am satisfied that more than adequate notice was given to the Plaintiffs of the Bank}{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt
\f36\fs24}}}{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 s insistence that they repay their debt.}{\b\lang2057\langfe1033\langnp2057\insrsid8919734  }{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 On their failure t
o do so I am satisfied that as a matter of law the Bank was entitled to refuse to have them as its customers any longer.}{\b\lang2057\langfe1033\langnp2057\insrsid8919734  }{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
Accordingly I refused to grant the injunction.}{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 {\field{\*\fldinst SYMBOL 64 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{
\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8919734 {\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8720747 
\par }{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 Conclusion
\par }{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8720747 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8720747 {\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 For the above reasons and on the authorities, the defendant Bank was not only entitled to terminate the bank}{
\lang2057\langfe1033\langnp2057\insrsid8919734 -}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
customer relationship with the plaintiff as he failed to pay the entire debt outstanding in his account or arrange refinancing when more than reasonable notice has been given by the defendant (D1), but also to rightfully 
and within its power under the mortgages to demand full payment and exercise its power of sale under the security documents.
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8919734 {\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8720747 {\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
In the outcome the Summons for injunction is dismissed and the interim injunction granted ex parte is dissolved with costs against the Plaintiff in the sum of $400.00.
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8919734 {\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8720747 {\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 D. Pathik
\par Atg. }{\b\ul\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 Judge}{\b\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8919734 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8919734 {\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8720747 
\par At Labasa
\par 26 February 2002}{\lang2057\langfe1033\langnp2057\insrsid5135947\charrsid8720747 
\par }}