11,552 VERŻJONI ONLINE<strong>Gazzetta</strong> <strong>tal</strong>-<strong>Gvern</strong> ta’ <strong>Malta</strong> 18,475lis-soċjetà attriċi, is-somma ta’ €2,134.828 .02 bilanċ għaddebitumal-Bank of Valletta p.l.c. flimkien mal-imgħax mill-1ta’ Ottubru 1999, sad-data <strong>tal</strong>-effettiv pagament.2. Tikkundanna lill-konvenut William Caruana flimkien‘in solidum’ mas-soċjetà Pyramid Hotels Limited, iħallas lillattriċis-somma ta’ €1,555,998.14 bilanċ għad-debitu fil-‘Loanu Overdraft Accounts’ ta’ Pyramid Hotels Limited, mal-Bank ofValletta p.l.c. ...omissis… flimkien mal-imgħax ulterjuri, mill-1ta’ Ottubru 1998, sad-data <strong>tal</strong>-effettiv pagament.…omissis…7. Tikkundanna lill-konvenuta soċjetà Cloisters WalkLimited, flimkien ‘in solidum’ mas-soċjetà Pyramid HotelsLimited, tħallas lil attriċi s-somma ta’ €465.874.68 bilanċ għaddebitumal-Bank of Valletta p.l.c. (Dok A sa Dok C2) flimkienmal-imgħax ulterjuri, mill-1 ta’ Ottubru 1998, sad-data <strong>tal</strong>effettivpagament.Bl-ispejjeż ...omissis… il-konvenuti inġunti in subizzjoni.Illi permezz tan-Nota <strong>tal</strong>-Eċċezzjonijiet tagħhom ilkonvenutieċċepew.…omissis…Illi permezz ta’ sentenza mogħtija mill-Onorabbli Prim’Awla<strong>tal</strong>-Qorti Ċivili, fis-27 ta’ Ottubru 2006, dik il-Qorti ċaħdet l-eċċezzjonijiet kollha <strong>tal</strong>-konvenuti appellanti, ħlief għal dikdwar l-imgħaxijiet komposti.Illi permezz ta’ sentenza mogħtija mill-Onorabbli Prim’Awla<strong>tal</strong>-Qorti Ċivili, fit-3 ta’ Ottubru 2008, l-Onorabbli Prim’Awla <strong>tal</strong>-Qorti Ċivili, ċaħdet ukoll l-aħħar eċċezzjoni li kien fadal u ċioèdik dwar l-imgħaxijiet komposti u kkundannat …omissis…Illi l-imsemmija tlett konvenuti Pyramid Hotels Limited,William Caruana u Cloisters Walk Limited, interponew Appell,quddiem din l-Onorabbli Qorti <strong>tal</strong>-Appell, mis-sentenza fuqimsemmija u liema Appell huwa msejjes unikament fuq l-aggravju <strong>tal</strong>-imgħaxijiet komposti.Illi l-esponenti l-ewwel nett tissotometti illi l-Appell huwafrivolu u vessatorju u dan għar-raġunijiet segwenti.Illi l-esponenti tagħmel riferenza għal komputazzjonijietli hija ppreżentat, quddiem l-Ewwel Onorabbli Qorti, insegwitu għas-sentenza tas-27 ta’ Ottubru 2006, fejn ġietordnata tippreżenta prospetti u bilanċi li jirrispekkjaw kemmil-bilanċ dovut, bl-imgħaxijiet sempliċi, kif ukoll dak dovutbl-imgħaxijiet komposti u l-esponenti tagħmel hawn riferenzagħal dik in nota, ippreżentata, fl-atti fit-23 ta’ Frar 2007. Minnhemhekk jirriżulta li (a) jekk il-kontijiet jinħadmu fuq bilanċsempliċi mill-bidu <strong>tal</strong>-kontijiet rispettivi sal-1 ta’ Ottubru 1999,il-bilanċ dovut ilaħħaq is-somma ta’ €2,088.895.90 u (b) jekkil-bilanċ jinħadem b’imgħax sempliċi, fir-rigward ta’ LoanAccount u imgħax kompost fir-rigward ta’ Overdraft Accountsal-jum <strong>tal</strong>-1 ta’ Ottubru 1999, dan il-bilanċ ilaħħaq is-somma ta’€2,096,951.06. Issa dan l-Appell qed isir mis-soċjetà PyramidHotels Limited, minn William Caruana u mis-soċjetà Cloisterspay the plaintiff company the sum of €2,134.828.02 balance ofdebt with the Bank of Valletta p.l.c. together with interest fro<strong>mt</strong>he 1st October 1999, till the date of effective payment.2. Condemn the defendant William Caruana together ‘insolidum’ with the company ‘Pyramid Hotels Limited, to pay theplaintiff the sum of €1,555.998.14 balance of debt in the ‘Loanand Overdraft Accounts’ of Pyramid Hotels Limited, with theBank of Valletta p.l.c. …omissis... together with further interest,from the 1st October 1998, till the date of effective payment.…omissis…7. Condemn the defendant company Cloisters Walk Limited,together and ‘in solidum’ with the company Pyramid HotelsLimited, to pay the plaintiff the sum of €465,874.68 balance ofdebt with the Bank of Valletta p.l.c. (Doc A to Doc C2) togetherwith further interest, from the 1st October 1998, till the date ofefffective payment.With costs …omissis… the defendants are summoned sothat a reference to their evidence be made.That by their Note of Pleas the defendants pleaded.…omissis…That by means of a judgement given by this HonourableCourt First Hall, on the 27th October 2006, that Court rejectedall the pleas of the appellant defendants, except those regardingcompound interest.That by means of a judgement given by the Honourable FirstHall Civil Court, on the 3rd October 2008, the Honourable FirstHall Civil Court, rejected also the last plea which remained andnamely that of compound interests and condemned …omissis…That the said three defendants Pyramid Hotels Limited,William Caruana and Cloisters Walk Limited, filed an Appeal,before this Honourable Court of Appeal, from the judgementabove mentioned and which Appeal is based solely on thegrievance of compound interests.That the applicants in the first place submit that the Appeal isfrivolous and vexatious and this for the following reasons.That the applicants refer to the computation which theypresented before the Honourable First Court, following ajudgement of the 27th October 2006, whereby it was ordered topresent prospectus and balances which reflect both the balancedue, with simple interests, as well as that due by compoundinterest, and the applicants hereby refer to that note presentedin the records of the 23rd February 2007. From there it resultsthat (a) if the accounts are worked out on simple balances fro<strong>mt</strong>he beginning of the respective accounts till the 1st October1999, the balance due shall amount to €2,088.895.90 and (b)if the balance is worked out on the basis of simple interest, asregards the Loan Account and compound interest as regardsthe Overdraft Account till the day of the 1st October 1999, thisbalance shall amount to €2,096.951.06. Now this Appeal isbeing made by the Pyramid Hotels Limited, by William Caruana
L-1 ta’ Settembru, 2009 VERŻJONI ONLINE11,553Walk Limited. Kif jirriżulta mill-imsemmija sentenza, WilliamCaruana, ġie kkundannat iħallas is-somma ta’ €1,555.998.14,u s-soċjetà Cloisters Walk Limited, ġiet ikundannata tħallas issommata’€465,874.68. Issa għar-raġunijiet imsemmija f’każ illidan l-Appell jintrebaħ u gialadarba dan l-Appell jirrigwarda bissl-inċidenza u d-differenza bejn l-imgħaxijiet b’komputazzjonisempliċi fuq kont ta’ Overdraft u dak b’ komputazzjoni b’modkompost id-differenza matematika hija biss ta’ €2,096,951.06- €2,088.985.95 u ċioè €7,965.11 flimkien mal-imgħaxijiet,mill-1 ta’ Ottubru 1999. Ergo dan ifisser li fir-rigward <strong>tal</strong>appellantiWilliam Caruana u Cloisters Walk Limited, dan l-Appell huwa kompletament inutili stante li anke li kieku f’każta’ eżitu favorevoli l-imgħaxijiet kellhom jiġu komposti bir-ratasempliċi, xorta waħda l-istess żewġ appellanti William Caruanau Cloisters Walk Limited, stante li l-garanzija tagħhom ma kinetxtasal sas-somma kollha dovuta mis-soċjetà Pyramid HotelsLimited, qua debitriċi prinċipali, jibqgħu responsabbli għallistesssomma kif kanonizzata mis-sentenza <strong>tal</strong>-Ewwel OnorabbliQorti. Mentri fir-rigward tas-soċjetà debitriċi principali PyramidHotels Limited, id-differenza li dan l-Appell jista’ jinkorrilhahija biss ta’ €7,965.11 u anke jekk żżid l-imgħaxijiet fuq l-istess,eventwalment dawn se jkunu bejn €8,000.00 u €10,000.00 oħra.Kontra din però s-soċjetà appellanti, taf ben tajjeb li anke fuq issommali allura qed tirreklama li għandha tagħti u ċioè is-sommata’ €2,088.986.00 s-somma dovuta meta hekk l-imgħaxijietjinħadmu b’mod sempliċi, anke fil-kuntratt ta’ Overdraft,għaddejjin imgħaxijiet anke jekk wieħed iżomm biss bir-ratata’ 8% b’mod sempliċi ttik is-somma ta’ €167,118.88 fis-sena.Dan ifisser illi sad-data <strong>tal</strong>-preżentata ta’ din ir-risposta, diġàgħaddew imgħaxijiet fuq is-somma kif l-appellanti tippretendili għandha tkun u b’imgħaxijiet sempliċi ta’ 8% ta’ madwar€28,000.00 u naturalment peress li din l-Onorabbli Qorti <strong>tal</strong>-Appell, hija mgħobbija b’xogħol ħafna aktar milli umanamentwieħed jista jġorr, sakemm jinstema u jiġi deċiż dan l-Appell,is-somma dovuta f’imgħaxijiet tista’ faċilment tkun ta’ mijietta’ eluf ta’ Ewro. Dan biex skont is-soċjetà appellanti PyramidHotels Limited, ma tħallas id-differenza f’imgħax ta’ massimuta’ tmintax-il elf Ewro (€18,000.00). …omissis…Issa l-attiv kważi esklussiv li fuqu tista’ teżegwixxi kwalsiasieventwali sentenza l-esponenti, huwa blokk ta’ appartamentimagħruf aħjar bħala ‘Lapsi Hotel’ li illum jinstab fi stadju ta’abbandun. Fl-umli sottomissjoni <strong>tal</strong>-esponenti huwa ċar umanifest illi anke li kieku ma jibqgħux għaddejjin l-imgħaxijiet,teżisti l-possibbiltà reali li l-esponenti ma titħallasx id-debitu lilhadovut u li ser jifdallha ammont astronomiku li ma tirċeviex…omissis…Illi għalhekk jiġi umilment sottomess kif jipprovdi s-subinċiż 7 <strong>tal</strong>-Artikolu 225 <strong>tal</strong>-Kap. 12 <strong>tal</strong>-Liġijiet, id-dewmienfl-eżekuzzjoni tas-sentenza mill-Onorabbli Prim’Awla fis-27 ta’Ottubru 2006 u dik tat-3 ta’ Ottubru 2008, ser jarreka preġudizzjuenormi lill-appellanti, mentri William Caruana u Cloisters WalkLimited ma jbatu assolutament l-ebda preġudizzju, filwaqt li s-soċjetà Pyramid Hotels Limited, m’hi se tagħmilha l-ebda effettl-inċidenza ta’ €18,000 meta l-istess Pyramid Hotels Limited,fuq il-bilanċ ta’ €8,569,869.09 minnha dovut għaddej imgħaxta’ ’l fuq minn €55,000.00 fix-xahar.Illi naturalment il-figuri tant huma astronomiċi u metakonfrontata mal-fatt tad-differenza <strong>tal</strong>-massimu ta’ €18,000.00and by the company Cloisters Walk Limited. As results from thesaid judgement, William Caruana was condemned to pay the sumof €1,555.998.14 and the company Cloisters Walk Limited, wascondemned to pay the sum of €465.874 .68. Now for the reasonsmentioned, in case this Appeal is won, and once this Appealregards only the incidence and the difference between the interestby simple computation on an account of Overdraft and that bycompound computation, the mathematical difference is only of€2,096.951.06 - €2,088.985.95 and namely €7,965.11 togetherwith interests from the 1st October 1999. Thus this means thatas regards the appellants William Caruana and Cloisters WalkLimited, this Appeal is completely useless, since that even in thecase of a favourable outcome, the interests, had to be computedby simple interest, the two appellants William Caruana andCloisters Walk Limited, since their guarantee did not amount toall the amount due by the company Pyramid Hotels Limited quaprincipal debtor, they still remain responsible for the same sumas declared by the Honourable First Court. Whilst as regardsthe principal debtor company Pyramid Hotels Limited, thedifference that this Appeal can make for it is of €7,965.11 andeven if the interest on the same is added, eventually, these shall bebetween €8,000.00 and another €10,000. Against this howeverthe appellant company well knows that even on the sum which itis claiming to be due and namely the sum of €2,088.986.00, thesum due when the interests are worked out at the rate of simpleinterest, in the contract of Overdraft, there shall run interests,even if one sticks to the rate of 8%, by simple interests, thereshall result the sum of €167,118.88 per annum. This means thattill the date of presentation of this reply there have already runinterests on the sum as the appellants expect that it should beand by simple interest of 8% of approximately €28,000.00 andnaturally because this Honourable Court of Appeal is burdenedwith a more work that one can humanely bear, until this Appealis heard and decided, the sum due by way of interest can easilybe one of hundreds of thousands of Ewro. This so that accordingto the company Pyramid Hotels Limited, it does not pay thedifference in interest of a maximum of eighteen thousand Ewro( €18,000.00). …omissis...Now the exclusive assets on which the applicants canexecute any eventual judgement is a block of apartments betterknown as ‘Lapsi Hotel’ which is today to be found in a state ofabandonment. In the humble submission of the applicant, it isclear and manifest that even if interest did not continue to run,there exists a real possibility that the the applicant is not paid itsdebt and there shall remain an enormous balance which it shallnot receive…omissis…That thus it is humbly submitted as provided in subsection 7of Article 225 of Cap. 12 of the Laws of <strong>Malta</strong>, the delay in theexecution of the judgement of the Honourable First Court CivilHall on the 27th October 2006 and that of the 3rd October 2008,shall cause enormous prejudice to the appellants, whilst WilliamCaruana and Cloisters Walk Limited shall suffer no prejudiceat all, whilst it shall have no effect on the company PyramidHotels Limited, when the same Pyramid Hotels Limited, on thebalance of €8,569.869.09 is running an interest of more than€55,000.00 per month.That naturally the figures are so high and when confrontedwith the fact that the difference of the maximum of €18,000.00
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