National Bank of Vanuatu v Water Mill Investments Ltd

Supreme Court

Civil
1137 of 2019
05 Aug 2020
05 Aug 2020

Justice Oliver Saksak
National Bank of Vanuatu
Water Mill Investments Ltd
Mr Mark Hurley for the Claimant; No appearance for the Defendant

SUMMARY JUDGMENT

1. The claimant filed an application for summary judgment on 21st July 2020 pursuant to Rule 9.6 of the Civil Procedure Rules No. 49 of 2002 ( the Rules). The application was supported by the sworn statements of Ben Dick Dali.

2. The application, sworn statement and the orders of 23rd June 2020 were served on the Defendant’s Director on 21 July 2020. Christine Esau deposed to a sworn statement as to service on 5th August prior to the hearing.

3. The defendant, despite service did not file any response to the application. Their previous lawyer Mr Sudgen, ceased acting from 23rd June 2020 when he filed a notice of ceasing to act. The application is therefore unopposed.

4. I heard Mr Hurley orally in relation to the submissions contained in a memorandum counsel handed up at the hearing of the formal proof.

5. The claimant filed his proceeding on 15th May 2019.

6. The defendant through Mr Sugden filed a defence on 14th June 2019 and a response earlier on 5th June 2019. It is a bare defence without any evidence filed in support.

7. The defence is basically that the claimant has not advanced any loan of VT 35.500.000 since 30/12/2011.

8. The claimant believes the defendant has no real prospect of defending the claim. The claimant relies on the evidence of Ben Dick Dali and the case authorities of NBV v Tambe [2007] VUSC 105 and ANZ Bank ( Vanuatu) Limited v Traverso [2012] VUSC 222 as upheld on appeal in Traverso v ANZ [2013] VUCA 8. I accept these cases are sufficiet authorities for granting summary judgment in favour of the claimant.

9. The Court is satisfied from the evidence that the defendant has no real prospect of defending this claim. The evidence shows the moneys claimed were loaned. The defendants entered into mortgage agreements mortgaging its Leasehold Titles 12/0913/312 ( Ellouk) 12/0913/310 and 12/0913/311 ( Ellouk) as security for the loan.

10. The mortgage dated 30th December 2011 and 16th January 2012 and the various Letters of Offers and Acceptances annexed to the statement of Mr Dali filed on 15th May 2019 show that VT 35.500.000 had been advanced has loan by the claimant to the defendant, on the balance of probabilities. And further, a Notice of Demand was issued dated 6th November 2018 showing the account balance of VT 104,305,588. This amount is consistent with the Bank statement ( Annexure “ BDD3) in the statement of 21/7/020.

11. I am therefore satisfied as to the claimant’s claims. I am further satisfied that the claimant’s application for summary judgment has been properly filed under Rule 9.6 of the Rules and that all the criteria or requirements under that rule have been met by the claimant.

12. Accordingly I allow the application and enter summary judgment in favour of the claimant. I have issued the orders granting powers of mortgagee sale to the claimant as mortgagee as a separate order.

DATED at Port Vila this 5th day of August 2020
BY THE COURT

OLIVER.A.SAKSAK
Judge