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\fs20\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid16720404\charrsid6583635 IN THE HIGH COURT OF FIJI
\par AT SUVA
\par CIVIL JURISDICTION}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid4290568\charrsid6583635 
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\fs24\lang2057\langfe1033\langnp2057\insrsid16720404\charrsid6583635 306D OF 2005S}{\fs24\lang2057\langfe1033\langnp2057\insrsid4290568\charrsid6583635 
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\par }\pard \qc \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6583635 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid16720404\charrsid6583635 AIR FIJI LIMITED
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid16720404\charrsid6583635 PLAINTIFF
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\par }\pard \qc \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6583635 {\fs24\lang2057\langfe1033\langnp2057\insrsid16720404\charrsid6583635 AND}{\fs24\lang2057\langfe1033\langnp2057\insrsid4290568\charrsid6583635 :
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6583635 {\fs24\lang2057\langfe1033\langnp2057\insrsid4290568\charrsid6583635 
\par }\pard \qc \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6583635 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid16720404\charrsid6583635 KELTON INVESTMENTS LIMITED
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid16720404\charrsid6583635 DEFENDANT}{\fs24\lang2057\langfe1033\langnp2057\insrsid4290568\charrsid6583635 
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\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid16720404\charrsid6583635 Counsel for the Plaintiff\tab :\tab R. Lajendra\tab :\tab R. Patel & Co.
\par Counsel for the Defendant\tab :\tab I. Roache\tab :\tab Howards
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid6583635 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid16720404\charrsid6583635 Date of Decision:}{\fs24\lang2057\langfe1033\langnp2057\insrsid6583635  }{\fs24\lang2057\langfe1033\langnp2057\insrsid16720404\charrsid6583635 Wednesday, 14 December 2005
\par Time of Decision:}{\fs24\lang2057\langfe1033\langnp2057\insrsid6583635  }{\fs24\lang2057\langfe1033\langnp2057\insrsid16720404\charrsid6583635 2.30 p.m.}{\fs24\lang2057\langfe1033\langnp2057\insrsid4290568\charrsid6583635 
\par 
\par }\pard \qc \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6583635 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid6583635\charrsid6583635 DECISIO}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid16720404\charrsid6583635 N

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\par It is clear from the evidence before the Court that there is dispute, not only as to the amount but the actual existence of a debt.}{\fs24\lang2057\langfe1033\langnp2057\insrsid4290568  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid16720404\charrsid4290568 As far as the Plaintiff is concerned there has never been any resolution by the Board that authorized any payment of }{
\b\i\fs24\lang2057\langfe1033\langnp2057\insrsid16720404\charrsid4290568 \'93guarantee fees\'94}{\fs24\lang2057\langfe1033\langnp2057\insrsid16720404\charrsid4290568  beyond the payments made on the two (2) Bandeirante aircrafts.}{
\fs24\lang2057\langfe1033\langnp2057\insrsid4290568  }{\fs24\lang2057\langfe1033\langnp2057\insrsid16720404\charrsid4290568 Once the loan payments on these aircrafts were completed, the }{
\b\i\fs24\lang2057\langfe1033\langnp2057\insrsid16720404\charrsid4290568 \'93guarantee fees\'94}{\fs24\lang2057\langfe1033\langnp2057\insrsid16720404\charrsid4290568  payment ceased.}{\fs24\lang2057\langfe1033\langnp2057\insrsid4290568  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid16720404\charrsid4290568 The minutes of the Board meeting of 13}{\fs24\lang2057\langfe1033\super\langnp2057\insrsid16720404\charrsid4290568 th}{
\fs24\lang2057\langfe1033\langnp2057\insrsid16720404\charrsid4290568  June 1995 gives substance to this belief.}{\fs24\lang2057\langfe1033\langnp2057\insrsid4290568  }{\fs24\lang2057\langfe1033\langnp2057\insrsid16720404\charrsid4290568 Paragraph 13 s
pecifically stated that the Management Fees to be paid to Kelton Investment to be 1.5% per 6 months for the total loan amounts on the 2 aircrafts.
\par 
\par It could very well be that there were firm and legitimate grounds for the Defendant\rquote s belief that the guarantee fees continued to be an item of expenditure on the Plaintiff\rquote 
s books, but it is the basis of this belief that gives rise to the Plaintiff\rquote s challenge.
\par 
\par It is not for this Court at this juncture to delve into any greater details in the examination of the facts or questions of law arising to try and adjudge the merits and decide on what the final outcome should be.}{
\fs24\lang2057\langfe1033\langnp2057\insrsid4290568  }{\fs24\lang2057\langfe1033\langnp2057\insrsid16720404\charrsid4290568 It is enough for it to be satisfied that there is adequate evidence provided to lend support to the belief by the Cour
t that there exists a genuine dispute of the debt and/or its existence.
\par 
\par The principles governing interim relief as set out in the }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid16720404\charrsid4290568 American Cyanamid}{\fs24\lang2057\langfe1033\langnp2057\insrsid16720404\charrsid4290568  case}{
\fs24\lang2057\langfe1033\langnp2057\insrsid4290568  }{\fs24\lang2057\langfe1033\langnp2057\insrsid16720404\charrsid4290568 do in fact favour the Plaintiff.}{\fs24\lang2057\langfe1033\langnp2057\insrsid4290568  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid16720404\charrsid4290568 It has established that a serious issue arises and that its claim is not frivolous or vexatious.}{\fs24\lang2057\langfe1033\langnp2057\insrsid4290568  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid16720404\charrsid4290568 The balance of convenience tends to favour the Plaintiff, in that the Defendant could be adequately compensated by the Plaintiff, should the Court find in the Defendant\rquote 
s favour in the end.
\par 
\par Order is made against the Defendant and/or its servants or agents from proceedings with any Winding Up action or advertising any Winding Up petition, until further orders of the Court.
\par 
\par Costs of $300.00 to the Plaintiff.}{\fs24\lang2057\langfe1033\langnp2057\insrsid4290568 
\par 
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\par }{\b\fs24\ul\lang2057\langfe1033\langnp2057\insrsid16720404\charrsid6583635 JUDGE}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid16720404\charrsid6583635 
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\par At Suva
\par 15 December 2005
\par }}