Supreme Court overturns ruling seeking to compel NIB to pay over $120m

-

Carbonatix Pre-Player Loader

Audio By Carbonatix

The Supreme Court has overturned an earlier ruling by the Appeals court that compelled NIB to pay over 120 million dollars in Judgment debt.

The Supreme Court set aside a ruling by the High and Appeals Courts.

According the ruling, the identity of issuers of the promissory cannot be identified, raising issues with the capacity of investors.

More soon…

 

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.