{\rtf1\ansi\ansicpg1252\uc1\deff0\stshfdbch0\stshfloch0\stshfhich0\stshfbi0\deflang1033\deflangfe1033{\fonttbl{\f0\froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman{\*\falt Times New Roman};}
{\f35\fswiss\fcharset0\fprq2{\*\panose 020b0604030504040204}Tahoma;}{\f169\froman\fcharset238\fprq2 Times New Roman CE{\*\falt Times New Roman};}{\f170\froman\fcharset204\fprq2 Times New Roman Cyr{\*\falt Times New Roman};}
{\f172\froman\fcharset161\fprq2 Times New Roman Greek{\*\falt Times New Roman};}{\f173\froman\fcharset162\fprq2 Times New Roman Tur{\*\falt Times New Roman};}{\f174\froman\fcharset177\fprq2 Times New Roman (Hebrew){\*\falt Times New Roman};}
{\f175\froman\fcharset178\fprq2 Times New Roman (Arabic){\*\falt Times New Roman};}{\f176\froman\fcharset186\fprq2 Times New Roman Baltic{\*\falt Times New Roman};}{\f177\froman\fcharset163\fprq2 Times New Roman (Vietnamese){\*\falt Times New Roman};}
{\f519\fswiss\fcharset238\fprq2 Tahoma CE;}{\f520\fswiss\fcharset204\fprq2 Tahoma Cyr;}{\f522\fswiss\fcharset161\fprq2 Tahoma Greek;}{\f523\fswiss\fcharset162\fprq2 Tahoma Tur;}{\f524\fswiss\fcharset177\fprq2 Tahoma (Hebrew);}
{\f525\fswiss\fcharset178\fprq2 Tahoma (Arabic);}{\f526\fswiss\fcharset186\fprq2 Tahoma Baltic;}{\f527\fswiss\fcharset163\fprq2 Tahoma (Vietnamese);}{\f528\fswiss\fcharset222\fprq2 Tahoma (Thai);}}{\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\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \fs20\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 \snext0 Normal;}{
\s1\ql \li0\ri0\keepn\widctlpar\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin0\itap0 \f35\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 \sbasedon0 \snext0 heading 1;}{
\s2\ql \li0\ri0\keepn\widctlpar\aspalpha\aspnum\faauto\outlinelevel1\adjustright\rin0\lin0\itap0 \b\i\f35\fs24\ul\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 \sbasedon0 \snext0 heading 2;}{
\s3\ql \li0\ri0\keepn\widctlpar\aspalpha\aspnum\faauto\outlinelevel2\adjustright\rin0\lin0\itap0 \b\f35\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 \sbasedon0 \snext0 heading 3;}{\*\cs10 \additive \ssemihidden Default Paragraph Font;}{\*
\ts11\tsrowd\trftsWidthB3\trpaddl108\trpaddr108\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\tscellwidthfts0\tsvertalt\tsbrdrt\tsbrdrl\tsbrdrb\tsbrdrr\tsbrdrdgl\tsbrdrdgr\tsbrdrh\tsbrdrv 
\ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \fs20\lang1024\langfe1024\cgrid\langnp1024\langfenp1024 \snext11 \ssemihidden Normal Table;}{\s15\ql \li0\ri0\widctlpar
\tqc\tx4320\tqr\tx8640\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \fs20\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 \sbasedon0 \snext15 header;}{\*\cs16 \additive \sbasedon10 page number;}}{\*\listtable{\list\listtemplateid-891551592
\listsimple{\listlevel\levelnfc4\levelnfcn4\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\'03(\'00);}{\levelnumbers\'02;}\fbias0 \fi-720\li1440\jclisttab\tx1440\lin1440 }{\listname ;}\listid1481387256}
{\list\listtemplateid744153866\listsimple{\listlevel\levelnfc4\levelnfcn4\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\'03(\'00);}{\levelnumbers\'02;}\fbias0 \fi-720\li1440\jclisttab\tx1440\lin1440 }{\listname 
;}\listid2021420730}}{\*\listoverridetable{\listoverride\listid2021420730\listoverridecount0\ls1}{\listoverride\listid1481387256\listoverridecount0\ls2}}{\*\rsidtbl \rsid5702123\rsid7939114\rsid14829067}{\*\generator Microsoft Word 10.0.6764;}{\info
{\title IN THE HIGH COURT OF FIJI}{\author user}{\operator blake_r}{\creatim\yr2005\mo12\dy7\hr8\min40}{\revtim\yr2005\mo12\dy7\hr8\min40}{\printim\yr2004\mo2\dy10\hr19\min32}{\version2}{\edmins1}{\nofpages5}{\nofwords1720}{\nofchars9806}{\*\company  }
{\nofcharsws11503}{\vern16391}}\margb720 \widowctrl\ftnbj\aenddoc\noxlattoyen\expshrtn\noultrlspc\dntblnsbdb\nospaceforul\formshade\horzdoc\dghspace180\dgvspace180\dghorigin1701\dgvorigin1984\dghshow0\dgvshow0
\jexpand\viewkind4\viewscale100\pgbrdrhead\pgbrdrfoot\nolnhtadjtbl\rsidroot7939114 \fet0\sectd \linex0\endnhere\titlepg\sectdefaultcl\sftnbj {\header \pard\plain \s15\ql \li0\ri0\widctlpar
\tqc\tx4320\tqr\tx8640\pvpara\phmrg\posxc\posy0\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \fs20\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\field{\*\fldinst {\cs16\insrsid5702123 PAGE  }}{\fldrslt {
\cs16\lang1024\langfe1024\noproof\insrsid5702123 5}}}{\cs16\insrsid5702123 
\par }\pard \s15\ql \li0\ri0\widctlpar\tqc\tx4320\tqr\tx8640\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 {\insrsid5702123 
\par }}{\*\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\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7939114 
\fs20\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 IN THE HIGH COURT OF FIJI
\par AT SUVA
\par CIVIL JURISDICTION
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7939114 {\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 
\par }\pard \qc \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7939114 {\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 CIVIL ACTION NO.: HBC}{
\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid7939114 00}{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 35 OF 2004
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7939114 {\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 
\par }\pard \qc \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7939114 {\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 BETWEEN:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7939114 {\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 
\par }\pard \qc \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7939114 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 ALI\rquote S CIVIL ENGINEERING LIMITED
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 First Plaintiff
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7939114 {\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 
\par }\pard \qc \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7939114 {\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 AND:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7939114 {\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid7939114 
\par }\pard \qc \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7939114 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 BAHADUR ALI
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 Second Plaintiff
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7939114 {\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 
\par }\pard \qc \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7939114 {\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 AND:
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7939114 {\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid7939114 
\par }\pard \qc \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7939114 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 HABIB BANK LIMITED
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 Defendant
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7939114 {\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid7939114 Counsel for the Plaintiffs - }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 Mr. Singh
\par Counsel for the Defendant -}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid7939114  }{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114 Ms B. Narayan}{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 
\par 
\par }\pard \qc \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7939114 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 JUDGMENT
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7939114 {\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 
\par }{\b\fs24\ul\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 Introduction
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 
\par This application seeks to restrain the defendant from exercising its power of sale under a mortgage held over the plaintiffs land.
\par 
\par The plaintiff alleges the wrong property at Nokonoko Road was advertised in the mortgagee Sale Notice.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 
The property advertised they claim is not subject to any bank mortgage.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 
Further in respect of certain land at Labasa it is claimed the defendant bank gave undertakings to d}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114 ischarge the subject mortgage.}{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 

\par 
\par In reply the defendant argues the first plaintiff and its prime officer have frequently acknowledged the mortgage debt and security but with equal frequency defaulted in promises and payment arrangements.}{
\fs24\lang2057\langfe1033\langnp2057\insrsid7939114  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 The bank claims it is therefore entitled to proceed.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 
\par 
\par The two plaintiffs filed their writ on the 27th of January 2004 together with an ex-parte application for interim relief seeking injunction.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 I directed this be brought inter parties.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 
That injunction sought:
\par 
\par An order restraining the defendant from the exercise of its powers or purported exercise of its powers as mortgagee of the plaintiff\rquote s property.
\par 
\par }{\b\fs24\ul\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 The Evidence
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid7939114 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 The second plaintiff is a director of two companies.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid7939114  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 Ali\rquote s Civil Engineering Limited (the first plaintiff \'93Ali\rquote s\'94) and Valebasoga Tropikboards Limited (in receivership \'93Valebasoga\'94
). The defendant bank advanced Ali\rquote s and Valebasoga various sums of money now total}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114 l}{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 ing some $1.6 million.}{
\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid7939114  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 This debt is acknowledged by the plaintiffs.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid7939114  
}{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 They do not argue that they and Valebasoga are in complete default.
\par 
\par As security for the loan advanced to Ali\rquote s the plaintiffs provided to the bank:
\par 
\par }\pard \ql \fi-720\li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid7939114 {\fs24\lang2057\langfe1033\langnp2057\insrsid7939114 (a)\tab }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 
A first registered mortgage number 464128 over Crown Lease number 194232 executed by the second plaintiff
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7939114 {\fs24\lang2057\langfe1033\langnp2057\insrsid7939114 
\par }\pard \ql \fi-720\li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid7939114 {\fs24\lang2057\langfe1033\langnp2057\insrsid7939114 (b)\tab }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 
A personal unlimited guarantee dated 15 March 1999 by the second plaintiff and Jaibul Nisha (his wife).}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid7939114  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 
They are directors of this company.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid7939114  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7939114 {\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 
\par As security for the loan advanced to Valebasoga the following securities were provided to the bank:
\par 
\par }\pard \ql \fi-720\li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid7939114 {\fs24\lang2057\langfe1033\langnp2057\insrsid7939114 (a)\tab }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 
A first registered mortgage number 6993 over LD 60/511. 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7939114 {\fs24\lang2057\langfe1033\langnp2057\insrsid7939114 
\par }\pard \ql \fi-720\li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid7939114 {\fs24\lang2057\langfe1033\langnp2057\insrsid7939114 (b)\tab }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 A per
sonal unlimited guarantee dated 3 August 1999 and 21 June 2000 by the second plaintiff and Jaibul Nisha (his wife).}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid7939114  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7939114 {\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 
\par The course of this lending arrangement has not been a happy one for the bank.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid7939114  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 
They have exercised great patience with the plaintiffs default.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid7939114  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 
A series of promises by the second plaintiff to repay outstanding debts were not kept.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid7939114  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 
Certainly by mid 2002 the bank found it necessary to serve demand.
\par 
\par As a result further promises were made to restructure or repay the debts.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid7939114  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 These were promises acc
epted by the defendant bank in good faith.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid7939114  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 
The bank on several occasions instructed its solicitors to withhold further enforcement action.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid7939114  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 
A measure of the bank\rquote s patience is displayed by the fact that as at September 2003 the overdue portion of interest alone total}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114 l}{
\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 ed some $255,000.00.
\par 
\par The bank understandably became concerned and served fresh demands for repayment of these loans on the 12th of November 2003.
\par 
\par The defendant bank then proceeded to exercise its right under the securities and advertise both properties for mortgagee sale.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid7939114  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 
\par 
\par Even at this late stage the second plaintiff proposed yet another arrangement to repay the debt.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid7939114  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 
However as a result of his consistent failure to honour similar arrangements the bank remains determined to proceed and clear the debt as best it can.
\par 
\par This background saw the proceedings come to court.
\par 
\par I record that the proceedings were not accompanied by the usual undertaking for damages.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid7939114  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 
I also record that during the course of my hearing plaintiffs counsel advised that the plaintiffs had no genuine prospect of retrieving the situation financially.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid7939114  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 The fact of the matter is that the plaintiff is simply unable to raise sufficient money to pay the full mortgage amount into court.
\par 
\par }{\b\fs24\ul\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 Plaintiffs Argument
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid7939114 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 The plaintiff alleges the def
endant bank when it advertised the mortgagee sale of the subject land did not accurately describe the property secured under the mortgage. Certainly on the face of the mortgage documents (exhibit P2 defendant\rquote 
s affidavit 2 February 2004) that appears to be so.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid7939114  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 
He then argues on behalf of himself and the first plaintiff that the bank can\rquote t sell that to which it has no title. Regrettably the court was not provided with the full background and reasons for this anomaly.
\par 
\par During the course of argument counsel both agreed that the pattern of lending was such that loans under this original mortgage were at some time extended.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid7939114  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 The bank anxious to preserve its security made an arrangement with the second plaintiff and his company to extend the mortgage security over additional land.
\par 
\par The bank\rquote s paper records fall short of recording those arrangements particularly for the purposes of this hearing.
\par 
\par The plaintiff in his affidavit completely neglected to address this issue squarely.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid7939114  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 
His counsel did not have full instructions.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid7939114  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 
Despite the absence of evidence I must still find that there is a serious question to be tried on this issue.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid7939114  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 
However the seriousness of that question is wiped out by the bank\rquote s ability to re-advertise the mortgagee sale confining its description to the land shown on the face of the mortgage record.}{
\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid7939114  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 
I do not order the bank to proceed in this way but common sense would seem to indicate that is a desirable course of action.
\par 
\par It would then be for the bank to bring separate proceedings to resolve that serious question.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid7939114  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 
In those circumstances it would not be appropriate for me to express an opinion about the correct form or extent of the security provided by the plaintiffs.
\par 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14829067 {\b\fs24\ul\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 Labasa Land
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 
\par The plaintiff then argues that the defendant is estopped from exercising its power of sale over lease 194232.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid14829067  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 
He says that he agreed to pay the defendant $400,000.00 in reduction of the mortgage and provided further security over a separate lease number 71564.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid14829067  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 It is claimed these arrangements were in return for a discharge of the subject mortgage number 464128.
\par 
\par The defendant bank contends that it has no record of such an arrangement.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid14829067  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 
It quite valuably comments that even with the repayment of $400,000.00 there was still an outstanding balance in excess of $500,000.00 in that loan account.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid14829067  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 The bank argues it would in those circumstances never enter into any arrangement for discharge of the mortgage.
\par 
\par The defendant also quite correctly points out that the plaintiff has been quite economical with the truth if not misleading in its affidavits.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid14829067  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 It correctly argues that the plaintiff cannot be relied on.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7939114 {\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14829067 {\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 
I am not satisfied on the evidence before me that any promise was made by the bank to discharge this mortgage 464128.
\par 
\par The correspondence relied on by the plaintiff was suspect.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid14829067  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 The
re was too much at risk for the bank to discharge such a valuable security.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid14829067  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 
The plaintiff did not tell everything he should in his affidavit.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid14829067  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 
For the purpose of this hearing I accordingly specifically reject the argument by the plaintiff in this regard.
\par 
\par }{\b\fs24\ul\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 Material Non-Disclosure
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 
\par The need for a plaintiff applying for urgent relief to \'93make full disclosure to the court\'94 has been stressed in numerous cases.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid14829067  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 See for example }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 Douglas and Williams v. Cammock}{
\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067  (unreported NZHC Hamilton: CP48/99: 4/8/99 Penlington J).
\par 
\par It has been further noted that where a party misleads the court by not providing the fullest information that ground alone may lead to the setting aside of any relief granted or indeed the denial of relief.}{
\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid14829067  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 The decision of }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 
Votualailai Limited v Capitals FNPF Board and Others }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 Lautoka Civil Action No. 272 of 1998 is appropriate.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid14829067  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 Sadal J summarised the effect of material non-disclosure in this way:
\par 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid14829067 {\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 \'93
The non-disclosure of material facts, even if it is innocent or inadvertent, is enough to avoid the injunction.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid14829067  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 
In cases of material non-disclosure as in this case the ex parte injunction is liable to be dissolved on that ground alone, without any enquiry into the merits of the case.\'94
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14829067 {\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 
\par I find that the second plaintiff deponent was economical with the truth in his affidavit filed in support of the ex-parte injunction application.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid14829067  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 I find that economy to be a non-disclosure of material facts pertaining to this matter.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid14829067  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 I accept the defendants arguments in that regard.
\par 
\par }{\b\fs24\ul\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 The Injunction
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 
\par This court is being asked to restrain the defendant from the exercise of its powers or purported its powers as mortgagee of the plaintiff}{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067 '}{
\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 s property.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid14829067  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 
That is a bold and wide reaching application to make.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid14829067  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 
It was not refined during the course of hearing, so I come to deal with the request to grant such interim relief based on that prayer.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid14829067  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 The principles governing interlocutory injunctions were not argued before me in great detail.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid14829067  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 They are well known and accepted commencing with the often quoted case of }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 American Cyanamid Co v. Ethicon Limit
ed}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid14829067  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 [1975] AC 396, 405, 406.
\par 
\par It is also well settled law that the court will not interfere with the mortgagee\rquote s powers of sale unless the mortgagor pays the full mortgage amount into court see }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 
Inglis & Another v. Commonwealth Trading Bank of Australia}{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067  [1972] 126 C.L.R. 161 and Ramesh Bhai Maisuria & Usha Ben Maisuria Civil Action 299/2001.}{
\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid14829067  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 The applicant cannot and will not pay any amount outstanding under the mortgage into court.
\par 
\par In this case I find there may be a serious question to be tried on the question of the extent of the security available in respect of the Nokonoko lease properties.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid14829067  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 I emphasise the word may as the defendant bank still has the ability to re-advertise its mortgagee sale using the non-contentious description in the original security.}{
\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid14829067  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 
This would leave the bank free to pursue other action against this plaintiff to determine the correct extent of the security provided under that mortgage.
\par 
\par It must also be remembered that the plaintiffs have conceded they do not dispute the debt and apart from extent do not take issue with the security.
\par 
\par }{\b\fs24\ul\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 Decision
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 
\par I find there is no serious question to be tried.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid14829067  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 I accept the response of the defendant bank to the plaintiff}{
\fs24\lang2057\langfe1033\langnp2057\insrsid14829067 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 s allegations. I find against the plaintiffs credibility.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid14829067  
}{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 If there is factual conflict I prefer the defendant\rquote s version.
\par 
\par I find that the balance of convenience favours the defendant bank.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid14829067  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 
The bank has granted the plaintiffs a three year grace period to set their financial affairs in order.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid14829067  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 
The plaintiffs have failed to do so.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid14829067  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 There is noth
ing in the evidence or plaintiffs argument that demonstrates any genuine prospect for the plaintiffs retrieving the situation financially.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid14829067  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 The plaintiffs cannot and will not pay any amount outstanding under the mortgage into court.
\par 
\par For these reasons the balance of convenience must heavily favour the defendant bank.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid14829067  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 
The court will not interfere with its power of sale as it attempts to realise at least some money from the security remaining.
\par 
\par In my view the plaintiffs can be adequately compensated for in damages should they succeed in any action.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid14829067  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 
The defendant bank is in a sound position to pay out on any judgment.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid14829067  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 Damages would provide an adequate remedy.}
{\fs24\lang2057\langfe1033\langnp2057\insrsid7939114\charrsid14829067  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 
\par 
\par }{\b\fs24\ul\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 Conclusion
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 
\par For the above reasons and on the basis of the affidavits and argument presented to me I find the defendant bank is entitled to pursue its remedies by way of a mortgagee sale.
\par 
\par In the outcome the summons for injunction is dismissed with costs against the second plaintiff in the sum of $400.00.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7939114 {\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid7939114 
\par }\pard \qc \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14829067 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 [ G. Winter ]
\par Judge
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14829067 {\fs24\lang2057\langfe1033\langnp2057\insrsid14829067\charrsid14829067 
\par At Suva
\par Thursday 5th February, 2004
\par }}