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Practice – Pre-trial or post-judgment relief. The claimant bank brought a claim against its former employee, the fourth defendant, for breaching his equitable and contractual duties to the bank by granting unauthorised banking facilities to the first defendant company which later went into administration. The employee, in his defence, contended that a demand by the bank calling in the debt had ratified his letter granting the loan facility and had waived the bank's rights against him. The Chancery Division, in granting the bank summary judgment, held that the bank had been entitled to recover its money by issuing a demand and it had not waived its debt in so doing. Accordingly, there was no reasonable prospect of the defence succeeding.
Practice – Pre-trial or post-judgment relief. The claimant bank brought a claim against its former employee, the fourth defendant, for breaching his equitable and contractual duties to the bank by granting unauthorised banking facilities to the first defendant company which later went into administration. The employee, in his defence, contended that a demand by the bank calling in the debt had ratified his letter granting the loan facility and had waived the bank's rights against him. The Chancery Division, in granting the bank summary judgment, held that the bank had been entitled to recover its money by issuing a demand and it had not waived its debt in so doing. Accordingly, there was no reasonable prospect of the defence succeeding.
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