AGAVE RURAL BANK vs. LEMDOR LTD. AND PROSPER VAN-AS ADAMALEY

On the 29th October, 2018, Learned Counsel for the Defendants Judgment Debtors Applicants moved this Court for an order setting aside the Court’s order of 28th May, 2018. A thirteen paragraphed affidavit filed on the 18th September, 2018, support the application. In open Court, on the above mentioned date, the Applicants per Counsel argued that on the 21st March, 2017, the Respondents herein through its past Counsel moved an application for a reserve price in respect of Applicant’s landed property. That the application was opposed by Counsel on the other side on the basis that there was a wide variation between forced sale values. That the Court differently constituted and faced with arguments from both Counsel ordered the two expert valuers to come to Court and defend their valuation reports on the 8th May, 2017, at 10:00am prompt. Applicants per counsel annexed and marked here a copy of the Court’s proceedings as Exhibit LL1 for that day and the order of the Court. That ...