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\li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2258744 {\b\ul\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 INTERLOCUTORY JUDGMENT \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2258744 {\b\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \par }{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2443898 Judgment of: Inoke J. \par \par Counsel Appearing}{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2443898 : }{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2443898 Ms V. Patel for the Applicant}{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2443898 \par }{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2443898 Mr. Suresh Maharaj for the Respondent \par }{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2443898 \par }{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2443898 Solicitors}{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2443898 : }{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2443898 Vasantika Patel for the Applicant \par Messrs Suresh Maharaj & Ass. for the Respondent}{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2443898 \par \par }{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2443898 Date of Hearing: 26 April 2010 \par Date of Judgment: 14 September 2010 \par }{\b\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \par }{\b\ul\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 INTRODUCTION \par }{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \par {\listtext\pard\plain\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \hich\af0\dbch\af0\loch\f0 [1]\tab}}\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2258744 { \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 This is an application to dissolve an injunction granted by the Suva Division of this Court }{\i\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 ex parte}{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 on }{\b\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 8 May 2007}{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 restricting the directors of the company, }{ \b\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 Lodhia}{\b\lang2057\langfe1033\langnp2057\insrsid2258744 '}{\b\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 s Marketing Limited}{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 (}{\lang2057\langfe1033\langnp2057\insrsid2258744 "}{\b\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 Lodhias}{\lang2057\langfe1033\langnp2057\insrsid2258744 "}{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 ), from leaving Fiji until final determination of the substantive action or unless they paid into Court the sum of $125,000. \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2258744 {\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \par {\listtext\pard\plain\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \hich\af0\dbch\af0\loch\f0 [2]\tab}}\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2258744 { \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 The origin of this action was a Winding Up Petition filed in the Suva High Court in action }{\b\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 HBC 25 of 2007S}{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 by one of the company}{\lang2057\langfe1033\langnp2057\insrsid2258744 '}{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 s creditors. Carpenters Shipping, a subsidiary of Carpenters Fiji Limited (}{\lang2057\langfe1033\langnp2057\insrsid2258744 "}{\b\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 Carpenters}{\lang2057\langfe1033\langnp2057\insrsid2258744 "}{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 ), and others joined in and supported the Petition.}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 Whilst the decision was pending, Carpenters filed a Motion on }{\b\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 2 May 2007}{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 seeking certain declarations and orders a gainst the }{\b\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 directors}{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 of Lodhias pursuant to sections }{\b\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 324 }{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 and }{\b\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 325}{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 of the }{ \b\ul\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 Companies Act}{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 .}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 Those provisions seek to make directors personally liable for the company}{\lang2057\langfe1033\langnp2057\insrsid2258744 '}{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 s debts if they }{\lang2057\langfe1033\langnp2057\insrsid2258744 "}{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 fraudulently}{\lang2057\langfe1033\langnp2057\insrsid2258744 "}{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 allow the company to trade.}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 I use that term loosely because it i s not necessary to define it precisely for the purposes of this application.}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 That is the substantive action that remains to be determined. \par }\pard\plain \s20\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2258744 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \par {\listtext\pard\plain\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \hich\af0\dbch\af0\loch\f0 [3]\tab}}\pard\plain \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2258744 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 An order to wind up the company was finally made on }{\b\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 29 June 2007}{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 . \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2258744 {\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \par }{\b\ul\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 THE MOTION OF 2 MAY 2007 \par \par {\listtext\pard\plain\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \hich\af0\dbch\af0\loch\f0 [4]\tab}}\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2258744 { \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 The Motion was filed pursuant to }{\b\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 O 29 r 1}{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 of the }{ \b\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 High Court Rules 1988}{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 .}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 It sought the following orders: \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2258744 {\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \par {\listtext\pard\plain\b\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \hich\af0\dbch\af0\loch\f0 (1)\tab}}\pard \ql \li728\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\ilvl4\adjustright\rin0\lin728\itap0\pararsid2443898 { \b\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 A declaration under s.324 of the Companies Act 1983 that the said }{\b\ul\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 JAYANT LODHIA}{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 (father}{\lang2057\langfe1033\langnp2057\insrsid2258744 '}{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 s name Hargovind Mavji Lodhia) and }{ \b\ul\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 CHANDAR KANT LODHIA}{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 (father}{\lang2057\langfe1033\langnp2057\insrsid2258744 '}{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 s name Hargovind Mavji Lodhia) both of Nadi being directors of }{\b\ul\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 LODHIAS MARKETING LIMITED}{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 were knowingly a party to the carrying on of the business of the said }{\b\ul\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 LODHIAS MARKETING LIMITED}{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 with intent to defraud Creditors of }{\b\ul\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 LODHIAS MARKETING LIMITED}{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 and for other fraudulent purposes, and that they are severally and jointly responsible without any limitation of liability for the debt of }{ \b\ul\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 LODHIAS MARKETING LIMITED}{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 owing to }{\b\ul\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 CARPENTERS SHIPPING}{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 amounting to }{\b\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 $118,399.93 (One Hundred and Eighteen Thousand Three Hundred and Ninety Nine Dollars Ninety Three Cents)}{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 together with interest at the rate of 18% from }{ \b\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 1st of March, 2007}{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 to the date of payment. \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2258744 {\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \par {\listtext\pard\plain\b\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \hich\af0\dbch\af0\loch\f0 (2)\tab}}\pard \ql \li720\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\ilvl4\adjustright\rin0\lin720\itap0\pararsid2258744 { \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 An order for the payment to }{\b\ul\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 CARPENTERS SHIPPING}{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 by the s aid }{\b\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 Jayant Lodhia }{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 and }{\b\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 Chandar Kant Lodhia}{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 of the said sum of }{\b\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 $118,399.93 (One Hundred and Eighteen Thousand Three Hundred and Ninety Nine Dollars Ninety Three Cents)} {\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 together with interest at the rate of 18% from 1st March, 2007 to the date of payment. \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2258744 {\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \par {\listtext\pard\plain\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \hich\af0\dbch\af0\loch\f0 [5]\tab}}\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2258744 { \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 The affidavit in support of the Motion was sworn by the Financial Controller of Carpenters Shipping on 2 May 2007.}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 He said Lodhias engaged Carpenters to clear cargo sent to the company from overseas at seaports in Fiji.}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 The company had a 30 day credit account.}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 That account accumulated a debt of $118,399.93 as at 28 February 2007.}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 Requests for payment were not met and eventually a }{ \lang2057\langfe1033\langnp2057\insrsid2258744 "}{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 Winding Up Demand}{\lang2057\langfe1033\langnp2057\insrsid2258744 "}{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 was served on the company on }{\b\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 29 March 2007}{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 .}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 Still no payment eventuated.}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 Carpenters then became aware of th e Winding Up Petition already filed in the Suva High Court against Lodhias and joined in support. \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2258744 {\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \par {\listtext\pard\plain\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \hich\af0\dbch\af0\loch\f0 [6]\tab}}\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2258744 { \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 Through their own investigations, Carpenters became aware that Lodhia}{\lang2057\langfe1033\langnp2057\insrsid2258744 '}{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 s was selling five of its properties at prices which it alleges to be below market value and to only one purchaser.}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 They suspect there was collusion between Lodhias and the purchaser.}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 Carpenters further allege that the directors of Lodhias knowingly allowed the company to trade at a time when they knew the company was in a weak financial position and }{\lang2057\langfe1033\langnp2057\insrsid2258744 "}{ \b\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 knowingly}{\lang2057\langfe1033\langnp2057\insrsid2258744 "}{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 carried on business }{ \lang2057\langfe1033\langnp2057\insrsid2258744 "}{\b\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 to defraud}{\lang2057\langfe1033\langnp2057\insrsid2258744 "}{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 the company}{ \lang2057\langfe1033\langnp2057\insrsid2258744 '}{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 s creditors }{\lang2057\langfe1033\langnp2057\insrsid2258744 "}{\b\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 and for other fraudulent purposes}{\lang2057\langfe1033\langnp2057\insrsid2258744 "}{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 .}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 Carpenters representatives met with one of the Directors of Lodhias and were not satisfied with his explanations and assurances for payment of the debt.}{ \lang2057\langfe1033\langnp2057\insrsid2258744 }{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 The director refused to disclose what properties he owned in Australia and refused to give a personal guarantee for payment of the debt. \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2258744 {\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \par {\listtext\pard\plain\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \hich\af0\dbch\af0\loch\f0 [7]\tab}}\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2258744 { \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 The Motion was heard ex-parte on }{\b\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 8 May 2007}{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 and this Court granted interim injunctions restraining the company}{\lang2057\langfe1033\langnp2057\insrsid2258744 '}{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 s two Directors from leaving Fiji unless they paid into Court $125,000. \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2258744 {\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \par {\listtext\pard\plain\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \hich\af0\dbch\af0\loch\f0 [8]\tab}}\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2258744 { \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 One of the Directors of the company swore an affidavit in reply on 11 July 2007 in which he opposed Carpenters}{\lang2057\langfe1033\langnp2057\insrsid2258744 '}{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 application.}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 By this time an order to wind up the com pany had already been made.}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 He said he admits the debt owed to Carpenters.}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 The companies have been dealing with each other from 2005 until April 2007, although Lodhia}{\lang2057\langfe1033\langnp2057\insrsid2258744 '}{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 s predecessor had been dealing with Carpenters for over 10 years.}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 He explained that the properties were sold to meet the company}{\lang2057\langfe1033\langnp2057\insrsid2258744 '}{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 s debts with its bank.}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 The bank obtained its own valuations and the sale prices were more or less in line with these valuations.}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 The prices were negotiated and agreed and approved by the bank.}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 The company had to sell because the bank made it very clear to the directors that if they did not sell the bank would act on its securities which included mortgagee sale of the five properties.}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 There was no collusion with the purchaser. \par }\pard\plain \s20\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2258744 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \par {\listtext\pard\plain\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \hich\af0\dbch\af0\loch\f0 [9]\tab}}\pard\plain \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2258744 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 He also denied trading fraudulently.}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 The largest debts, which were relatively small in comparison to the Carpenters debt, were incurred in October and November 2006.}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 At that time the company was still trading actively, albeit with some difficulty, as were most other businesses in Fiji.}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 The situation was exacerbated by the coup in 2006.}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 He denied any form of reckless or fraudulent trading. \par }\pard\plain \s20\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2258744 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \par {\listtext\pard\plain\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \hich\af0\dbch\af0\loch\f0 [10]\tab}}\pard\plain \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2258744 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 Carpenters filed an affidavit in response.}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 Its Financial Controller took exception to the Director not giving his full residential address in Fiji and Australia but I think nothing turns on that.}{ \lang2057\langfe1033\langnp2057\insrsid2258744 }{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 What is useful is his explanation of the history of this case.}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 A Winding Up Petition was filed in this Court in HBF 13 of 2007 on 18 March 2007, first called on 13 April 2007.}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 It was adjourned to 18 May 2007 to allow the company to present a scheme of settlement.}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 No scheme was presented so the matter was further adjourned for mention on 22 June 2007.}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 In the meantime, on 17 May 2007, the directors of the company, in Winding Up Action HBF 25 of 2007S in Suva, obtained an order from the Master for a creditors}{ \lang2057\langfe1033\langnp2057\insrsid2258744 '}{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 meeting at the offices of the company}{\lang2057\langfe1033\langnp2057\insrsid2258744 '}{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 s external accountants.}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 On 30 March 2007, the directors obtained an order ex parte from Pathik J for the sale of the five properties. \par }\pard\plain \s20\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2258744 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \par }{\b\ul\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 WHAT HAS HAPPENED AFTER THE INTERIM INJUNCTIONS OF 8 MAY 2007 \par \par {\listtext\pard\plain\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \hich\af0\dbch\af0\loch\f0 [11]\tab}}\pard\plain \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2258744 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 Further affidavits were filed by both parties in the Suva action and further applications, including an application by Carpenters solicitors in Suva for leave to administer interrogatories, were made to progress it further. \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2258744 {\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \par {\listtext\pard\plain\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \hich\af0\dbch\af0\loch\f0 [12]\tab}}\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2258744 { \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 On }{\b\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 17 September 2007}{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 , the directors of the company filed an application in the Suva action to dissolve the interim injunctions of 8 May 2007.}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 On 21 September 2007, the parties by consent varied the interim injunctions to allow the directors to leave for Australia on their undertaking to return to Fiji by 21 December 2007.}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 Several similar applications were made and granted between then and now.}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 Carpenters became substituted as the Petitioner in the Suva action and an order to transfer the file to this Court was eventually made on }{\b\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 12 March 2009}{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 .}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 The Registry of this Court has given it action number }{ \b\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 HBF 7 of 2009L}{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 . \par }\pard\plain \s20\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2258744 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \par {\listtext\pard\plain\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \hich\af0\dbch\af0\loch\f0 [13]\tab}}\pard\plain \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2258744 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 The matter has pretty much lain dormant, only coming to life when the directors needed to travel to Australia for medical treatment, returning to Fiji after each treatment, and they file an application for variation of the 8 May 2007 injunctions. \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2258744 {\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \par }{\b\ul\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 SUBMISSIONS \par \par {\listtext\pard\plain\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \hich\af0\dbch\af0\loch\f0 [14]\tab}}\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2258744 { \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 I am very grateful for counsels written submissions. \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2258744 {\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \par {\listtext\pard\plain\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \hich\af0\dbch\af0\loch\f0 [15]\tab}}\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2258744 { \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 Ms Patel, counsel for the company directors, submitted that Carpenters Motion is not a criminal proceeding that could support a restraining order.}{ \lang2057\langfe1033\langnp2057\insrsid2258744 }{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 The injunctions have no legal or statutory basis.}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 In any event, she says Carpenters application under ss 324 and 325 of the }{\b\ul\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 Companies Act}{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 , that is to say, the substantive action, lacks substance. \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2258744 {\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \par {\listtext\pard\plain\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \hich\af0\dbch\af0\loch\f0 [16]\tab}}\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2258744 { \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 Mr Maharaj, counsel for the Petitioner Carpenters, referred me to the }{\b\i\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 Cyanamid}{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 principles and submitted that I should not dissolve the injunctions because the Lodhias have no assets in Fiji, one of them is an Australian Citizen and the other a Permanent Resident Visa holder, they will depart for Australia and never return, enforcement of a judgment in Australia would be a costly affair, Carpenters has been adversely affected and stand to suffer more and the Lodhias had one of their consignments released and sold but did not pay a single cent to Carpenters. \par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2443898 {\insrsid2258744\charrsid2443898 \par }\pard\plain \s20\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2258744 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\ul\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 SHOULD THE 8 MAY 2007 INJUNCTIONS REMAIN? \par \par {\listtext\pard\plain\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \hich\af0\dbch\af0\loch\f0 [17]\tab}}\pard\plain \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2258744 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 There is a fundamental flaw in the Petitioner}{\lang2057\langfe1033\langnp2057\insrsid2258744 '}{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 s argument.}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 Its case is based on the premise tha t the directors personally owe the debt.}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 The injunctions can only remain if the directors are liable for the company}{ \lang2057\langfe1033\langnp2057\insrsid2258744 '}{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 s debt.}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 For the Petitioner to prove that it must prove that it}{\lang2057\langfe1033\langnp2057\insrsid2258744 '}{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 s substantive action has merit. \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2258744 {\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \par {\listtext\pard\plain\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \hich\af0\dbch\af0\loch\f0 [18]\tab}}\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2258744 { \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 I agree with Ms Patel that the Petitioner}{\lang2057\langfe1033\langnp2057\insrsid2258744 '}{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 s case of fraudulent trading is very weak.}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 The }{\lang2057\langfe1033\langnp2057\insrsid2258744 "}{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 suspicious}{\lang2057\langfe1033\langnp2057\insrsid2258744 "}{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 sales of the company}{ \lang2057\langfe1033\langnp2057\insrsid2258744 '}{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 s five properties have been fully explained and with the knowledge of the bank.}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 I accept the director}{\lang2057\langfe1033\langnp2057\insrsid2258744 '}{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 s affidavit evidence as decisive.}{ \lang2057\langfe1033\langnp2057\insrsid2258744 }{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 I have grave doubts that the Petitioner can prove at trial that there was fraudulent trading making the directors personally liable for the company}{\lang2057\langfe1033\langnp2057\insrsid2258744 '}{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 s debts. \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2258744 {\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \par {\listtext\pard\plain\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \hich\af0\dbch\af0\loch\f0 [19]\tab}}\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2258744 { \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 In my opinion, there are no serious issues to be tried. Even if there were, the balance of convenience clearly lay in favour of the directors. \par }\pard\plain \s20\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2258744 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \par {\listtext\pard\plain\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \hich\af0\dbch\af0\loch\f0 [20]\tab}}\pard\plain \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2258744 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 Further, this is not an appropriate case for the grant of an injunction, in my respectful opinion.}{ \lang2057\langfe1033\langnp2057\insrsid2258744 }{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 This is a classic case where damages are an adequate remedy. \par }\pard\plain \s20\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2258744 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \par {\listtext\pard\plain\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \hich\af0\dbch\af0\loch\f0 [21]\tab}}\pard\plain \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2258744 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 The Petitioner has not seen fit to progress its claim of fraudulent trading expeditiously and cannot use its tardiness as a means to prolong an injunction, even if such an injunction was warranted. \par }\pard\plain \s20\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2258744 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \par {\listtext\pard\plain\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \hich\af0\dbch\af0\loch\f0 [22]\tab}}\pard\plain \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2258744 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 For these reasons, the interim injunctions of 8 May 2007 should be dissolved for thwith and any securities paid or provided thereunder are to be similarly released to the persons who paid or provided them. \par }\pard\plain \s20\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2258744 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \par }{\b\ul\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 COSTS \par \par {\listtext\pard\plain\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \hich\af0\dbch\af0\loch\f0 [23]\tab}}\pard\plain \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2258744 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 The directors sat on their application to lift the injunctions.}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{ \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 The Petitioner sat on its substantive action.}{\lang2057\langfe1033\langnp2057\insrsid2258744 }{\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 I do not think either of them deserves an award of costs so I order accordingly. \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2258744 {\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \par }{\b\ul\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 ORDERS \par \par {\listtext\pard\plain\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \hich\af0\dbch\af0\loch\f0 [24]\tab}}\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2258744 { \lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 The Orders are as follows: \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2258744 {\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \par {\listtext\pard\plain\b\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \hich\af0\dbch\af0\loch\f0 a.\tab}}\pard \ql \li720\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls2\ilvl1\adjustright\rin0\lin720\itap0\pararsid2258744 { \b\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 The interim orders made on 8 May 2007 against the directors of Lodhia}{\b\lang2057\langfe1033\langnp2057\insrsid2258744 '}{\b\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 s Marketing Limited, namely, Jayant Lodhia and Chandar Kant Lodhia, restraining them from leaving Fiji or, alternatively, to pay $125,000 into Court, are dissolved forthwith.}{\b\lang2057\langfe1033\langnp2057\insrsid2258744 \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2258744 {\b\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \par {\listtext\pard\plain\b\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \hich\af0\dbch\af0\loch\f0 b.\tab}}\pard \ql \li720\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls2\ilvl1\adjustright\rin0\lin720\itap0\pararsid2258744 { \b\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 Any securities paid or provided pursuant to the said orders or any variations thereof are to be released forthwith to the persons who paid or provided such securities. \par }\pard\plain \s20\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2258744 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \par {\listtext\pard\plain\b\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \hich\af0\dbch\af0\loch\f0 c.\tab}}\pard\plain \ql \li720\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls2\ilvl1\adjustright\rin0\lin720\itap0\pararsid2258744 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 There is no order as to costs. \par }\pard\plain \s20\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2258744 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 \par }\pard\plain \qc \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2258744 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\lang2057\langfe1033\langnp2057\insrsid2258744\charrsid2258744 Sosefo Inoke \par Judge \par }}