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 RAGG & ASSOCIATES INTERNATIONAL}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid12737887  }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 LTD
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\ql \li40\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin40\itap0\pararsid12737887 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par }{\i\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 Injunction \endash \endash  motion to dissolve injunction}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  - }{
\i\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 injunction earlier granted restraining D1 from proceeding with mortgagee sale or advertising sale \endash 
 injunction will frustrate civil action claiming order for specific performance of sale of properties to D1 \endash  D1 wearing 2 hats of mortgagor and purchaser \endash  whether affidavits raised triable issues \endash  damages an adequate remedy
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12737887 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 The Plaintiffs earlier instituted}{
\b\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  }{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 a civil Action against the Defendants seeking an order for specific performance that D1 purchase P1}{
\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 s property for $4.5 million and that D1 execute all necessary documents
. D1 revised its offer downward to $3.134m. That action is being defended. D1 subsequently issued demands under mortgage on both Plaintiffs and had advertising }{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{
\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 mortgagee}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 s sale}{
\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
 of the properties. D1 counsel submitted that the Plaintiffs failed to disclose that at the time of obtaining interim injunction it had already advertised the mortgagee sale of the two companies in a
 daily newspaper, that there was a winding up action by a bank. Together with the apparent worthless undertaking when the Plaintiffs were unable to pay their debts, D1 counsel submitted these were sufficient to dissolve the interim injunction. Counsel fur
ther submitted that proceeding with the mortgagee}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
s sale was in the interests of the Plaintiffs to realize the best value from the security. Plaintiffs}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
 counsel argued that non-disclosure alone was insufficient to avoid an injunction, which should be stopped as the mortgagor had become a purchaser, and it could not have it both ways.}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 The Court examined the principles of injunction, and determined that this was a case where damages are an adequate remedy, that the Plaintiff had not made out a sufficient case
 why it should stop a mortgagee exercising its power under security documents. 
\par }\pard \ql \li40\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin40\itap0\pararsid12737887 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  
\par }\pard\plain \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12737887 \fs24\lang3081\langfe3081\cgrid\langnp3081\langfenp3081 {\b\lang2057\langfe3081\langnp2057\insrsid9121544\charrsid12737887 Held \endash }{
\lang2057\langfe3081\langnp2057\insrsid9121544\charrsid12737887  It cannot be so in law that D1 should be restrained from exercising its power of sale when there was sufficient justification for exercising it, when the same property
 is mortgaged to it, and in a sale and purchase agreement, albeit incomplete. The court will not grant an injunction which would have the effect of helping to break an enforceable security contract
, absent any satisfactory and acceptable proposition about repayment, or whether they are prepared to deposit money into Court. The Plaintiff had not made out a sufficient case in support of its application.}{
\b\lang2057\langfe3081\langnp2057\insrsid9121544\charrsid12737887 
\par }{\lang2057\langfe3081\langnp2057\insrsid9121544\charrsid12737887 
\par Plaintiff}{\lang2057\langfe3081\langnp2057\insrsid12737887 '}{\lang2057\langfe3081\langnp2057\insrsid9121544\charrsid12737887 s application for interim injunction restraining D1 from proceeding with mortgagee sale pending 
determination of action refused. D1}{\lang2057\langfe3081\langnp2057\insrsid12737887 '}{\lang2057\langfe3081\langnp2057\insrsid9121544\charrsid12737887 s application to dissolve ex parte injunction granted.
\par 
\par }{\b\lang2057\langfe3081\langnp2057\insrsid9121544\charrsid12737887 Cases referred to in Decision}{\b\lang2057\langfe3081\langnp2057\insrsid9121544 
\par }{\b\lang2057\langfe3081\langnp2057\insrsid12737887\charrsid12737887 
\par }{\b\i\lang2057\langfe3081\langnp2057\insrsid9121544\charrsid12737887 American }{\b\i\lang2057\langfe3081\langnp2057\insrsid12737887 Cyanamid}{\b\i\lang2057\langfe3081\langnp2057\insrsid9121544\charrsid12737887  Co. v Ethicon Ltd}{
\lang2057\langfe3081\langnp2057\insrsid9121544\charrsid12737887  (1975) AC 396
\par }{\b\i\lang2057\langfe3081\langnp2057\insrsid9121544\charrsid12737887 Antech International Limited and Harish Mahendra Singh and Westpac Banking Corporation }{\lang2057\langfe3081\langnp2057\insrsid9121544\charrsid12737887 ABU 29/96
\par }{\b\i\lang2057\langfe3081\langnp2057\insrsid9121544\charrsid12737887 Fraser v Evans}{\i\lang2057\langfe3081\langnp2057\insrsid9121544\charrsid12737887  }{\lang2057\langfe3081\langnp2057\insrsid9121544\charrsid12737887 [1969] 1 QB 349
\par }{\b\i\lang2057\langfe3081\langnp2057\insrsid9121544\charrsid12737887 Hubbard & Another v Vesper & Another}{\lang2057\langfe3081\langnp2057\insrsid9121544\charrsid12737887  (1972) 2 WLR 389
\par }{\b\i\lang2057\langfe3081\langnp2057\insrsid9121544\charrsid12737887 Inglis v Commonwealth Trading Bank of Australia}{\lang2057\langfe3081\langnp2057\insrsid9121544\charrsid12737887  (1972) 126 C.L.R 161
\par }\pard\plain \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12737887 \fs20\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\i\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
London City Agency (JCD) Ltd & Anor v Lee & Others}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  (1969) 3 All ER 1376
\par }{\b\i\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 Northern Drivers Union v Kuwau Island Ferries}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  (1974) 2 NZLR 617
\par }{\b\i\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 {\*\bkmkstart Shop_hard_Homes_v_Sandhan_Vivrass_v_FNPF}Shephard Homes Ltd v Sandham}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  (1971) Ch. 340
\par }{\b\i\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 Shop hard Homes Ltd v Sandham}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  (1971) Ch. 340
\par {\*\bkmkend Shop_hard_Homes_v_Sandhan_Vivrass_v_FNPF}
\par }{\i\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 Hemendra Nagin for the Plaintiffs}{\i\fs24\lang2057\langfe1033\langnp2057\insrsid12737887  }{\i\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par Neel Shivam for the First Defendant 
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\cellx8748\pard \ql \li0\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0\pararsid15349288 {\fs24\lang2057\langfe1033\langnp2057\insrsid12737887\charrsid12737887 10 August, 2001}{
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\b\fs24\lang2057\langfe1033\langnp2057\insrsid12737887\charrsid12737887 DECISION\cell }\pard \ql \li0\ri0\widctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid12737887\charrsid12737887 
\trowd \irow0\irowband0\lastrow \ts19\trgaph108\trleft-108\trftsWidth1\trftsWidthB3\trftsWidthA3\trautofit1\trpaddl108\trpaddr108\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\tblrsid12737887\tbllkhdrrows\tbllklastrow\tbllkhdrcols\tbllklastcol \clvertalt
\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth1908\clshdrawnil \cellx1800\clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth6948\clshdrawnil 
\cellx8748\row }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12737887 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par Pathik, J}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9121544 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid534652\charrsid12737887 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 This is the Plaintiffs}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
 application for an Order for injunction }{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 that the First Defendant be restra
ined by itself and/or through its servants and/or agents and or howsoever from proceeding further with the Mortgagee Sale of the Plaintiffs}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{
\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  properties comprised in Certificates of Title. Nos. 24128 and 16219 or in any manner whatsoever interfering with or
 advertising the sale of the said properties until the hearing and determination of this action or until further Order}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
 on the grounds set out in the affidavit in support. They say that on 19 June 2001 D1 advertised the Plaintiffs}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  properties for }
{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 mortgagee}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{
\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 s sale}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
 and unless restrained it will proceed with the sale and thereby frustrate the action filed herein for specific performance and that the Plaintiffs will suffer irreparable loss and damage.
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid534652 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12737887 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 Background facts}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9121544 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid534652\charrsid12737887 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 At the time of applying for injunction the Plaintiffs instituted}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 Civil Action No. 277 of 2001 against the Defendants seeking reliefs, inter alia, for an order for specific performance that D1 purchase the first Plaintiffs}{
\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  property comprised in C.T. 24128 known as }{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{
\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 Vivrass Shopping Plaza}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  for the price of $4.5 million and D1
 to execute all necessary documents in respect thereof.
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid534652 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12737887 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 The Writ of Summons contains the Plaintiffs}{
\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  Statement of Claim. There the Plaintiffs allege that on 15 December 2000, D1 made an offer of $4.5 m to the first Plaintiff (P1
) to purchase Vivrass Shopping Plaza for that sum subject, inter alia, to an independent valuation of the property to be commissioned by D1 which valuation to support a value in excess of $4.5m. On 14 February 2001 the Plaintiff (P1) accepted the offe
r of D1 to purchase the property at $4.5m. Then after a valuation by D2, D1 revised the purchase offer to $3,134.000.00 as }{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
the cost of deferred maintenance}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  would be $366,000.00 with which P1 does not agree.
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid534652 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12737887 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 The Plaintiff (P1) therefore says that the Defendants have conspired to defraud P1
 by attempting to obtain the said property from P1 at a price much less than the valuation of the property.
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid534652 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12737887 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 On 17 May 2001 D1 issued Demands under Mortgage on both the Plaintiff
s and is now advertising }{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 Mortgagee}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{
\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 s Sale}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  of the properties of both the Plaintiff
s. They say that both the Demands are bad in law.
\par 
\par }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 Interim injunction}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par On 21 June 2001 on an application ex parte an interim injunction as prayed was granted returnable for 30 July 2001. However, on a Motion by D1 to
 dissolve injunction dated 3 July 2001, a date for hearing was set for 6 July 2001. On 6 July matter was adjourned to 10 July as Mr. Nagin wanted to file an Affidavit in Reply to the Defendant}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{
\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 s affidavit in support of dissolution.
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid534652 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12737887 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 The motions were heard 
on 10 and 11 July 2001. At the hearing counsel for the respective parties made useful submissions.
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid534652 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12737887 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
Content of Affidavit (in support of dissolution of interim injunction) of Olota Tulumani Rokovunisei}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9121544 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid534652\charrsid12737887 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 The deponent is the Chief Executive and General Ma
nager of D1 He states that P1 has been in default and in arrears of its obligations under its mortgage since at 8 July 1996. It was also unable to pay the insurance premium on the security given to D1. Despite indulgences extended to P1
 nothing was done to remedy the defaults. Therefore a Notice of demand dated 17 May 2001 was given to P1 setting out the amount due under the mortgages. The interest continues to accrue.
\par 
\par The second Plaintiff (P2) is in a similar position as P1.
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid534652 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12737887 {\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 Mortgagee}{
\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 s Sale}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{
\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  was advert
ised in the Fiji Times newspaper of 19 June 2001. The Dl wishes to exercise its right under its securities to sell the properties. It was prepared to proceed with the proposed sales, and to submit that no sufficient cause has been shown whereby it should 
be prevented from doing so. 
\par 
\par As for}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  }{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 undertaking as to damages}{
\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  because of defaults and the amount which is owed to D1, it strongly suggests that the Plaintiff
s are insolvent. Also advertisement to wind up the two companies (Plaintiffs) have appeared in th
e Fiji Times on 27 June 2001. There was non-disclosure of this fact at the time of obtaining interim injunction on 21 June 2001. The winding up Petition No. 73 of 2001 is against P2 claiming $1,516,389.81 and No. 76 of 2001 is against P1
 for a similar amount pursuant to a cross-guarantee.
\par 
\par As far as P1 is concerned its argument is founded on an alleged agreement of Sale between P1 as vendor and D1 as purchaser. It is common ground that the parties entered into negotiation concerning such 
a sale. However, the purchase offer was subject to certain preconditions being fully satisfied. There is disagreement on this and is the subject-matter of this action.
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid534652 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12737887 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 The First Defendant says that it desires to proceed with the mortgagee}{
\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 s sale for it is in the interests of the Plaintiffs that the sale be permitted to proceed. It says that the Plaintiff
s are not interested in saving the property and that it is going to be sold in any event; the only question is who to. It says that the Dl is at risk of suffering great loss and damages if it is not allowed to realize its security promptly.
\par 
\par As far as to the claim against P2 is concerned it is separate and distinct from claim against PI under the mortgage. There is no cause whatsoever shown in Narayan}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{
\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 s affidavit for restraining D1 from exercising its rights under P2}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{
\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 s mortgage.
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid534652 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12737887 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 Defendant}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{
\b\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 s counsels submission}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9121544 
\par }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid534652\charrsid12737887 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 Mr. Shivam submits that the Plaintiff (P1) is not trying to protect or preserve the property but in actual fact it is trying to sell the property to Dl. Basically, he says
 what interest P1 has is of monetary value rather than proprietary value. Counsel said that usually the best remedy when it comes for }{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{
\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 specific performance}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
 claim is by way of damages. The mortgagee can go ahead and sell independently 
of any sale and purchase agreement. Counsel said that the present debt is three million nine hundred and fifty thousand five hundred five dollars and interest accrues at $1377 a day on that sum. If there is a short fall between the selling price and the a
lleged price under the agreement then the difference is the damages which P1 can claim. If the Plaintiff
 wants an injunctive relief, the rule is that it put the money in Court. Mr. Shivam says that the undertaking is not worth anything in view of the alleged winding up by ANZ Bank. There was a material non-disclosure about }{
\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 winding up}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{
\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  when ex parte injunction was applied for. This in itself is sufficient to dissolve the interim injunction. The sale in this case was not finalized. There was no contract at all.
\par }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par Counsel}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 s submission for Plaintiffs}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par It is Mr. Nagin}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
s submission that this is not the proper time to exercise the power of sale under the mortgages particularly in view of the pending general elections. He said he would ask that the sale be deferred till October and in the meantime $
48,000 a month rent can go to D1.
\par 
\par Mr. Nagin argued that the mortgagee}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 s power of sale really needs to be stopped because it has now changed its }{
\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 hat}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
. It has become a purchaser, and if it becomes a purchaser then it cannot have both ways.
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid534652 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12737887 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 Counsel submitted that applying the }{
\b\i\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 {\*\bkmkstart American_v_Ethicon_Vivrass_v_FNPF_Ragg}American }{\b\i\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 Cyanamid}{
\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  {\*\bkmkend American_v_Ethicon_Vivrass_v_FNPF_Ragg}principles, there is a serious question to be tried because there is an agreement which should be enforced.
\par 
\par Mr. Nagin says that in certain cases breach of contract will give rise to an injunction. He says that the Plaintiffs have pleaded fraud and conspiracy. Counsel referred the court to a number of cases and a text-book writer on injunctions.
\par 
\par }\pard \ql \fi40\li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12737887 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 As for non-disclosure of winding up notice, Mr. Nagin said that this is }{
\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 not a material non-disclosure}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{
\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 . That has nothing to do with FNPF (D1) and it is a separate issue altogether. This matter is already before the court but then counsel said that non-disclosure alone is
 insufficient to avoid the injunction. However, the Managing Director of the Plaintiff company is recovering from illness overseas and any omission in the affidavit filed by the property manager is inadvertent and not intentional.
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12737887 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par }\pard \ql \li40\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin40\itap0\pararsid12737887 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 As for undertaking as to damages Mr. Nagin said that it is given on behalf of the 
Plaintiff by the deponent to the affidavit.
\par 
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12737887 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
Consideration of the application for injunction and to dissolve the interim injunction}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9121544 
\par }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid534652\charrsid12737887 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 I have already outlined hereabove the gist of Plaintiffs}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
 and Defendants}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  
arguments in this matter. I have for consideration the affidavits filed by both parties and the written and oral submission of both counsel.
\par 
\par As stated in}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  }{\b\i\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 {\*\bkmkstart London_v_Lee_Vivrass_v_FNPF_Ragg}
London City Agency (JCD) Ltd & Anor v Lee & Others{\*\bkmkend London_v_Lee_Vivrass_v_FNPF_Ragg} }{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 (1969) 3 All ER 1376:}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid534652\charrsid12737887 
\par }\pard \ql \li720\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid12737887 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
"Just as a court will grant an interlocutory injunction on an ex parte application if a case of sufficient cogency is made, so also will the court on an ex parte application made on sufficiently cogent
 grounds discharge or vary an injunction granted ex parte."
\par }\pard \ql \li80\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin80\itap0\pararsid12737887 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par In this case, the question that looms large is whether the interim injunction ought to continue or not on the facts in the exercise of court}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{
\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 s discretion or whether the Plaintiffs should be left to their remedy in damages.
\par 
\par }\pard \ql \li40\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin40\itap0\pararsid12737887 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 This is a case where D1 is wearing }{
\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 two hats}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{
\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  so to say, namely, one as a mortgagee and the other as the intended purchaser of }{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{
\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 Vivrass}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
 under a sale and purchase agreement. The action for specific performance is being defended by D1.
\par 
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12737887 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
As I see it the situation here is that there is nothing to prevent the mortgagee from exercising its power of sale under the mortgages in respect of P1 and P2}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{
\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 s properties irrespective of whether there was an agreement for sale or not. Just because D1 happens to be the prospective purchaser of P1}{
\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 s property as well as a mortgagee, does that in any way interfere with D1}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}
{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 s right under the mortgage? I would say }{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 No}{
\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  on the facts and the situation prevailing here.
\par 
\par Looking at all the affidavit evidence in this case and after considering all the submissions made by both counsel it is abundantly clear that it is not P1}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{
\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 s intention to preserve the property known as }{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 Vivrass}{
\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 . P1 wants to sell but at a price alleged to have been agreed upon between P1 and D
l under the agreement. The question therefore arises is why is there the need for the injunction to continue?
\par }\pard \ql \fi740\li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12737887 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12737887 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 Essentially the Plaintiffs (P1}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 
'}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 s) claim in this action is for }{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
specific performance that the D1 to purchase the P1}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 s property comprised in CT 24128 known as }{
\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 Vivrass Shopping Plaza}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{
\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  for the price of $4.5m and D1 do execute all necessary documents in respect thereof.}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{
\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid534652 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12737887 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
The principles to be followed in considering the granting of injunctive relief are set out in the leading case}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  }{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
of}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  }{\b\i\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 American }{\b\i\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 Cyanamid}{
\b\i\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  Co. v Ethicon Ltd}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
 (1975) AC. 396. The House of Lords there decided that in all cases, the Court must determine the matter on a balance of convenience, there being no rule that an Applicant must establish a prima facie case. The extent of the court}{
\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 s duty in considering an interlocutory injunction is to be satisfied that the claim is }{
\i\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 "not frivolous or vexatious, in other words, that there is a serious question to be tried}{\i\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{
\i\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 .
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid534652 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12737887 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 Lord Diplock said at page 407:}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544 

\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid534652\charrsid12737887 
\par }\pard\plain \s18\ql \fi28\li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid12737887 \i\f1\fs20\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\i0\f0\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 "It is no part of the court
}{\i0\f0\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\i0\f0\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
s function at this stage of the litigation to try to resolve conflicts of evidence on affidavit as to facts on which the claims of either party may ultimately depend nor to decide difficult questions of law which call for detailed argument and mature cons
iderations. These are matters to be dealt with at the trials"
\par }\pard \s18\ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid534652 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par }\pard\plain \ql \li40\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin40\itap0\pararsid12737887 \fs20\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 In}{
\b\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  }{\b\i\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 Cyanamid}{\i\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 (supra) at page 406}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  }{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 Lord Diplock
 further stated the object of the interlocutory injunction thus:}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544 
\par }\pard \ql \li720\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid534652 {\fs24\lang2057\langfe1033\langnp2057\insrsid534652\charrsid12737887 
\par }\pard\plain \s18\ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid534652 \i\f1\fs20\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\i0\f0\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 "}{
\i0\f0\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 .. to protect the Plaintiff against injury by violation of his right for }{\i0\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 which he cou
ld not be adequately compensated in damages }{\i0\f0\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
recoverable in the action if the uncertainty were resolved in his favour at the trial; but the Plaintiffs need for such protection must be weighed against the corresponding need of the Defendant to be protected a
gainst injury resulting from his having been prevented from exercising his own legal rights for which he could not be adequately compensated under the Plaintiffs undertaking in damages if the uncertainty were resolved in the Defendants favour at the trial
. The court must weigh one need against another and determine where "the balance of convenience lies". }{\i0\f0\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 (emphasis mine)}{
\f0\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par }\pard\plain \ql \fi700\li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12737887 \fs20\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12737887 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 A similar view was expressed by}{
\b\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  }{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 McCarthy P in}{\b\i\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  
{\*\bkmkstart Northern_v_Kuwau_Vivras_v_FNPF_Ragg}Northern Drivers Union v Kuwau {\*\bkmkend Northern_v_Kuwau_Vivras_v_FNPF_Ragg}Island Ferries}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  (1974) 2 NZLR 617 when he said:}{
\fs24\lang2057\langfe1033\langnp2057\insrsid9121544 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid534652\charrsid12737887 
\par }\pard \ql \li700\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin700\itap0\pararsid12737887 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
"The purpose of an interim injunction is to presence the status quo until the dispute has been disposed of on a full hearing. That being the position, it is not necessary that the Court should have to find a case which would entitle the Applicant
 to relief in all events: It is quite sufficient if it finds one which shows that there is a substantial question to be investigated and that matters ought to be presented in status quo until the essential dispute can be finally resolved:.}{
\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 "}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  }{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 (ibid, 620)}{
\fs24\lang2057\langfe1033\langnp2057\insrsid9121544 
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid534652 {\fs24\lang2057\langfe1033\langnp2057\insrsid534652\charrsid12737887 
\par }\pard \ql \li780\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin780\itap0\pararsid12737887 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 "It is always a matter of 
discretion, and...the Court will take into consideration the balance of convenience to the parties and the nature of the injury which the Defendant, on the one h
and, would suffer if the injunction was granted and should ultimately turn out to be right and that which the Plaintiff, on the other hand, might sustain if the injunction was refused and he ultimately turn out to be right." }{
\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 (ibid 621).
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid534652 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12737887 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 I will consider the issue in the light of the principles
 stated above. The Defendant (D1) is being restrained as mortgagee from exercising its power of sale to sell the properties secured under the security documents. It is not disputed by the Plaintiff companies that they 
are substantially in arrears. There is no satisfactory and acceptable proposition as to how they propose to meet their commitments as far as payment is concerned. They do not say that they are prepared to deposit moneys alleged to be owing into Court. Pay
ment into Court have been ordered in such a situation}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  }{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 [}{
\b\i\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 {\*\bkmkstart Antech_v_Singh_WBC_Vivrass_v_FNPF_Ragg}Antech International {\*\bkmkend Antech_v_Singh_WBC_Vivrass_v_FNPF_Ragg}
Limited and Harish Mahendra Singh and Westpac Banking Corporation}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  (Civ. App. No. 29/96)].
\par 
\par Also in}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  }{\b\i\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 {\*\bkmkstart Inglis_v_Cth_Aust_Vivrass_v_FNPF_Ragg}Inglis v Commonwealth Trading Bank of Australia
}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 {\*\bkmkend Inglis_v_Cth_Aust_Vivrass_v_FNPF_Ragg} (1972) 126 C.L.R 161 at 164 a case involving the exercise by mortgagee of its power of sale, Walsh J said:}{
\fs24\lang2057\langfe1033\langnp2057\insrsid9121544 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid534652\charrsid12737887 
\par }\pard \ql \li720\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid12737887 {\i\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
A general rule has long be
en established, in relation to applications to restrain the exercise by a mortgagee of power of sale given by a mortgage and in particular the exercise of a power of sale, that such an injunction will not be granted unless the amount of the mortgage debt,
 if this be not in dispute, be paid, or unless, if the amount be disputed, the amount claimed by the mortgagee be paid into Court.
\par 
\par The rule, as it affects the exercise by a mortgagee of the power of sale, is stated in the following terms in}{\i\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  Halsbury Laws of England }{
\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 3rd Edition Volume 27. p. 301:}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid534652\charrsid12737887 
\par }\pard \ql \li1440\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid12737887 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
"The mortgagee will not be restrained from exercising his power of sale because the amount due is in dispute, or because the mortgagor has commenced a redemption action, or because the mortgagor objects to the manne
r in which the sale is being arranged. He will be restrained however, if the mortgagor pays the amount claimed into court, that is, the amount which the mortgagee swears to be due to him\'85.}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 "'}{
\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par 
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12737887 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 Walsh J goes on to say at 164-165 that:}{
\fs24\lang2057\langfe1033\langnp2057\insrsid9121544 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid534652\charrsid12737887 
\par }\pard\plain \s18\ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid12737887 \i\f1\fs20\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\i0\f0\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 "}{
\i0\f0\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 In my opinion, the authorities which I have been able to examine establish that f
or the purposes, of the application of the general rule to which I have referred, nothing short of actual payment is regarded as sufficient to extinguish a mortgage debt If th
e debt has not been actually paid, the Court will not, at any rate as a general rule, interfere to deprive the mortgagee of the benefit of his security, except upon terms that an equivalent safeguard is provided to him, by means of the Plaintiff
 bringing in an amount sufficient to meet what is claimed by the mortgagee to be due.
\par 
\par The benefit of having a security for a debt would be greatly diminished if the fact that a debtor has raised claims for damages against the mortgagee were allowed to prevent any en
forcement of the security until after the litigation of those claims had been completed.
\par 
\par In my opinion the fact that such claims have been brought provides no valid reason for the granting of an injunction to restrain, until they have been determined, the exercise by a mortgagee of the remedies given to him by the mortgage.}{
\i0\f0\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 "}{\i0\f0\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par }\pard\plain \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12737887 \fs20\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 Barwick C.J. ibid at 168-169 expressed the same opinion in these words:}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid534652\charrsid12737887 
\par }\pard \ql \li720\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid12737887 {\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 "}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
I have not heard anything, nor been referred to any authority, which causes me in the least to doubt the correctness of the refusal of Walsh J. to grant the interlocutory injunction sought by the Appellant or the reasons which he gave f
or that refusal. I find no need to discuss the arguments offered, and the authorities referred to, by the Appellant. Such of them as were relevant are sufficiently answered in his Honour}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{
\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 s reasons.
\par 
\par The case falls fairly, in my opinion, within the general rule applicable when it is sought to restrain the exercise by a mortgagee of his rights under the mortgage instrument. Failing pay
ment into court of the amount sworn by the mortgagee as due and owing under the mortgage, no restraint should be placed by order upon the exercise of the Respondent mortgagee}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{
\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 s right under the mortgage.}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 "}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12737887 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par Apart from the allegations in the Writ of Summons herein regarding the purchase by D1 of P1}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
s property, there is no acceptable evidence in writing as between the parties of any variation of the security documents (the mortgages). The mortgagee (D1) has its own rights under the mortgage in respect of P1}{
\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 s property.
\par 
\par The question arises as to why D1 should be restrained from exercising its power of sale when there was sufficient justification for exercising it. Is it because the same property is involved in the mortgag
e and in the alleged agreement (although incomplete) for sale? The answer is that this cannot be so in law.
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid534652 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12737887 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 Here the security documents in respect of both the properties of the Plaintiff
s are enforceable and the court will not grant an injunction which would have the effect of helping to break a contract if that contract was specifically enforceable. It will of course require a very strong argument and the 
"Court must feel a high degree of assurance that at the trial it will appear that the injunction was rightly granted"}{\i\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 (Megarry J in }{\b\i\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 {\*\bkmkstart Shephard_v_Sandham_Vivrass_v_FNPF_Ragg}Shephard Homes Ltd v Sandham}{
\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  {\*\bkmkend Shephard_v_Sandham_Vivrass_v_FNPF_Ragg}(1971) Ch 340) before the Court will interfere with those security documents bearing in mind of course that at this stage 
"the court is not justified in embarking upon anything resembling a trial of the action upon conflicting affidavits in order to evaluate the strength of either party}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{
\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 s case" (Footnote to the Supreme Court Practice 1979 29/1/11) pertaining to grant of interlocutory injunction.
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid534652 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12737887 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 Here the Court is reluctant on an interlocutory application not to hold the Plaintiff
s bound to the very words of their covenants in security documents in question in this action. There are no qualifications to the exercise of its powers in default of payment. It may well be that at the trial the Plaintiff
s might be able to establish their contention that there was, inter alia, a completed contract, but I am not in this application judging the rights and wrongs of the case. All that I am saying is that at this stage, the Plaintiff
s have not sufficiently established a case in support of application nor is it necessary for me to go into details the Plaintiffs}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{
\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  contention in view of the existence of the security documents in favour of D1.
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid534652 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12737887 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 Here the FNPF as mortgagee is intending to exercise a statutory power and the 
Plaintiffs have adduced no proper grounds why the Court should interfere with the exercise of such a power by granting an injunction. I am not convinced that there is a serious issue to be tried.
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid534652 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12737887 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 As to }{\i\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
"balance of convenience}{\i\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 "}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  the court should first consider whether if the Plaintiffs succeed at the trial, the
y would be adequately compensated for in damages for any loss caused by the refusal to grant an interlocutory injunction.
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid534652 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12737887 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 In this case, having considered Mr. Shivam}{
\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 s submissions in this regard I consider that this is a case in which the appropriate remed
y is not interlocutory injunction but an award of damages and the Defendant (D1) is definitely in a financial position to pay.
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid534652 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12737887 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 In }{\b\i\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
{\*\bkmkstart Hubbard_v_Vesper_Vivrass_v_FNPF_Ragg}Hubbard & Another v Vesper & Another}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  {\*\bkmkend Hubbard_v_Vesper_Vivrass_v_FNPF_Ragg}(1972) 2 WLR 389, Lord Denning
 at p.396 gave some guidance on the principles for granting an injunction}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887  }{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
which I think is pertinent to bear in mind in this case when he said:}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid534652\charrsid12737887 
\par }\pard\plain \s18\ql \li700\ri0\nowidctlpar\faauto\rin0\lin700\itap0\pararsid12737887 \i\f1\fs20\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\i0\f0\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
"In considering whether to grant an interlocutory injunction, the right course for a judge is to 
look at the whole case. He must have regard not only to the strength of the claim but also to the strength of the defence, and, then, decide what is best to be done. Sometimes it is best to grant an injunction so as to maintain the status quo until the tr
ial. At other times, it is best not to impose a restraint upon the Defendant but leave him free to go ahead. For instance, in }{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 {\*\bkmkstart Fraser_v_Evans_Vivrass_v_FNPF_Ragg}
Fraser v Evans}{\i0\f0\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  {\*\bkmkend Fraser_v_Evans_Vivrass_v_FNPF_Ragg}[1969] 1 QB 349, although the Plaintiff owned the copyright, we did not grant an injunction, because the Defendant
 might have a defence of fair dealing. The remedy by interlocutory injunction is so useful that it should be kept flexible and discretionary. It must not be made the subject of strict rules.}{\i0\f0\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 "}{
\i0\f0\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par }\pard\plain \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12737887 \fs20\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par This is a case of a mortgagee, and in the whole of the circumstances of this case I propose to give great weight to the following passage from the judgment of Megaw J at p.397 in}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  }{
\b\i\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 Vesper}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  (supra):}{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid534652\charrsid12737887 
\par }\pard\plain \s18\ql \li680\ri0\nowidctlpar\faauto\rin0\lin680\itap0\pararsid12737887 \i\f1\fs20\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\i0\f0\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 "}{
\i0\f0\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 One can really imagine a case in which the Plaintiff appears to have a 75% chance of establishing his claim, but in which the damage to the Defendant
 from the granting of the interlocutory injunction, if the 25% defence proved to be right, would be so great compared with the triviality of the damage to the Plaintiff
 if he is refused the injunction, that an interlocutory injunction should be refused. To my mind, it is impossible and unworkable to lay down different standards in relation to different issues, which fall to be considered in an application for an
 interlocutory injunction. Each case must be decided on a basis of fairness, justice and common sense in relation to the whole issues of fact and law which are relevant to the particular case.}{\i0\f0\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 "}
{\i0\f0\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par }\pard\plain \ql \fi720\li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12737887 \fs20\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12737887 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 It is quite evident that the mortgagee is
 entitled to protect its own interests in obtaining repayment of the debt, and did not oblige the mortgagee, as suggested by the Plaintiff
s, to postpone the sale or have its securities varied, inter alia, for the reasons advanced by them. It did not preven
t 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. However, a mortgagee owes a duty to act in good faith in determining whether to exercise 
the power of sale.
\par }\pard \ql \li80\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin80\itap0\pararsid12737887 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par The Plaintiffs have not laid a proper basis for their claims on which to have the interim injunction continue which they are seeking per interim Order.
\par }\pard \ql \li40\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin40\itap0\pararsid12737887 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par Conclusion}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9121544 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid534652\charrsid12737887 
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12737887 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 Having analyzed the affidavit evidence before me and considering the subm
issions of counsel for the parties and applying the principles stated by}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  }{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 Lord Diplock,
 I hold that damages as a remedy is sufficient in this case. There are no serious questions to be tried to grant an injunction restraining the Defendant (D1) from exercising whatever powers it has under the mortgage deed.
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid534652 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12737887 {\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
In the circumstances of this case and having regard to the nature of the action has been brought and the claims made in it, this is not a proper case for the grant and for the continuation of the interim
 injunction or to maintain the status quo until the trial of the action. The grounds advanced are against the principles the Courts have always acted upon and therefore the mortgagee cannot be prevented from exercising its powers under the mortgages. With
out any proper variation of any of the covenants in the documents no heed could be given to the arguments put forward by the Plaintiffs for the purposes of this application. Much as the Court sympathizes with the dire straits in which the Plaintiff
s find themselves, the court, in the light of established legal principles, in regard to the rights of mortgagee on the facts and circumstances of this case, is unable to come to the Plaintiffs}{\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{
\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887  rescue. The Plaintiffs overlook the terms and the covenants to which t
hey found themselves engaged when they executed the security documents. The fact that this action is pending, on the facts and circumstances of this case, does not entitle the Plaintiffs for the grant of an injunction as prayed.
\par 
\par Having considered the aforesaid authorities I have come to the conclusion that there ought not to be an injunction from today until the trial as the Plaintiff
s have no right to the continuance of the interim injunction they obtained. I ought in my view to discharge the injunction, and this I do with costs against the Plaintiffs in the sum of $750.00.
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid534652 {\i\fs24\lang2057\langfe1033\langnp2057\insrsid534652 
\par }{\i\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 First Defendant}{\i\fs24\lang2057\langfe1033\langnp2057\insrsid12737887 '}{\i\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 s application granted.
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid9121544\charrsid12737887 
\par Marie Chan}{\b\i\fs24\lang2057\langfe1033\langnp2057\insrsid1972231\charrsid534652 
\par }}