Gaind v Dunbar Assets Plc

Bank – Guarantee. The Chancery Division dismissed the applicant's appeal against the finding of a district judge dismissing his application to set aside a statutory demand made by the respondent company. The applicant had made a personal guarantee in the process of funding a third party company. The court held that the applicant could not rely on the words of an employee of the respondent to the effect that the relevant bank never called in personal guarantees.

Category: