Having lost its bid to stay a multi-million dollar judgment against it, the New Building Society (NBS) will now have to pay over to Rodrigues Architects Limited the $15,897,625 and all accrued interest it owed for the construction of its North Road and Avenue of the Republic head office.
This comes as a result of yesterday’s ruling by the Caribbean Court of Justice (CCJ) that former Justice of Appeal B.S. Roy erred in granting a stay of execution of that award to NBS back in 2016, while noting that the Full Bench of the Court of Appeal, before whom the stay was appealed by Rodrigues Architects should have so declared.
Pursuant to the consent of both parties, however, as undertaken by Albert Rodrigues—Director and Shareholder of the Company, the court ordered that, he refrains from encumbering or alienating or disposing in any way howsoever his interest, rights and title to property belonging to him, A-126 Robin’s Place, Bel Air Park, in the event he has to repay NBS should the financial institution succeed in its substantive appeal of Justice Rishi Persaud’s award of the sum.
