Following the Full Court ruling that it “negligently misdirected” $28 million which was intended as the early extinguishing of a mortgage, Scotiabank (Guyana) has filed an appeal to the judgment which it describes as unjust.
In its motion seeking special leave to appeal before the Guyana Court of Appeal, Scotiabank—the proposed Appellant—contends that it has suffered a miscarriage of justice because the Court imposed a liability on it in excess of $30 million, including costs.
In their ruling handed down on December 1st last, Justices Navindra Singh and Priya Sewnarine-Beharry ordered the bank to apply the $28m paid by Core Investments Inc as originally intended and in addition directed it to pay the company $1m in damages and $1m in costs.
