Magistrate sues Geddes Grant for in excess of $1M

Jun 20, 2008 News

— Company breached agreement

Magistrate Krishndat Persaud has sued Geddes Grant (Guyana) Limited for in excess of $1M for breaching an agreement that the company made with him. This newspaper understands that the summons was served on the company yesterday, commanding the representatives to appear in the New Amsterdam High Court on July 4.
According to the court document, Magistrate Persaud, who is also a rice farmer and rice miller, and Geddes Grant entered into an oral agreement at No. 57 Village, Corentyne, Berbice, whereby the company agreed to sell, supply and deliver 1000 bags of ‘urea’ (fertilizer). It allegedly failed to do so.
According to the statement of claim, Geddes Grant carries on business both in Demerara and Berbice.
The agreement between the magistrate and the company occurred in or about May 2008, the document said.
It also said that Geddes Grant was to supply the urea at $6,600 per bag inclusive of transportation and Magistrate Persaud agreed to accept delivery at that price.
The document stated that Geddes Grant was to make the delivery on May 27, 2008 but failed to make any delivery.
In early June, it said, the company informed Persaud that its stocks of urea had been exhausted and that it cannot meet the obligation.
“The urea was needed for plaintiff’s (Persaud) 2008 autumn rice crop and to save his crop and thus mitigate his loss, the plaintiff was forced to buy the 1000 bags of urea from Nand Persaud and Company Limited at a price of $8,000 per bag together with transportation cost of $150 per bag,” it stated.
According to the document, Magistrate Persaud paid the contract price to Nand Persaud and Company Ltd and paid the transportation cost. They both amounted to $8.1 million.

“Because of the defendants’ (Geddes Grant) breach as aforesaid, the plaintiff has suffered loss as liquidated damages in the sum of $1.5 million.”
The magistrate is claiming from Geddes Grant liquidated damages in that sum, together with interest and costs.

Latest News

Magistrate sues Geddes Grant for in excess of $1M

Related

Similar Articles

The Glenn Lall Show | January, 10th, 2025

Follow on Tik Tok @Glennlall

THE BLUNT OF THE DAY

Sports

Savory, Persaud show class ahead of Regional C/ships with fifties

Spectators experience and playing standards high...

Archery Guyana’s 2024 Senior Barebow Open...

Body of Chinese national who fell from new...

Athanaze posts 98 as Windies start positively in...

Youngsters seize opportunity, rubbing shoulders...

Features/Columnists

Jagdeo’s press conferences are about grievance rather than governance

Clarifying misconceptions about the Panama Canal

From ethnicity to Exxon, race to renegotiation

Publisher’s Note

Weekend Cartoon

Bridge Watch

Demerara Harbour Bridge

> Berbice Bridge […]

Magistrate sues Geddes Grant for in excess of $1M

Share this:

Related

Similar Articles

The Glenn Lall Show | January, 10th, 2025

Follow on Tik Tok @Glennlall

THE BLUNT OF THE DAY

Sports

Features/Columnists

Publisher’s Note

Weekend Cartoon

Bridge Watch

Demerara Harbour Bridge

> Berbice Bridge […]