Pending the determination of its appeal of the $79 million awarded to dismissed manager Maurice Arjoon, the New Building Society (NBS) has asked the Guyana Court of Appeal to stay any payments.
Though the court has not granted any stay, Arjoon is yet to begin receiving his severance and other benefits awarded by High Court judge Brassington Reynolds, who ruled more than three months ago, that he was wrongfully dismissed.
In its summons, the bank is asking that payments ordered by Justice Reynolds await the determination of its appeal, but has undertaken to “promptly” honour whatever judgment is finally made should it lose the case.
