The case against Regan Pollard, who is locked in litigation with Puruni LLC Company, which claims he owes it US$198,386, has been adjourned to Wednesday after attorneys on both sides made the request.
Justice Rishi Persaud, who is presiding over the matter in the Commercial Court of the Supreme Court of Judicature,
in Georgetown, subsequently granted the adjournment.
Pollard was scheduled to respond on Friday, to the claim made against him by Puruni LLC.
At an April 15th hearing, Justice Persaud, who presided over the matter in the Commercial Court of the Supreme Court of Judicature, in Georgetown, had ordered Pollard to respond on May 13. He was however a no-show when the case was called after which he was scheduled to re-appear on May 21.
With its civil action against Pollard, who is the son of former PPP/C prime ministerial candidate Elisabeth Harper, the company is claiming the sum of US$198,386, which it says is money due and payable to it by Pollard.
In its statement of claim, the company said on April 17, 2012, it entered into a joint venture agreement with the defendant and Reflex Mining Company Inc, situated at 195 Kaieteur Road, Bel Air Park, Georgetown, for the purposes of operating a dredge or dredges on the defendant’s claims and mining blocks.
According to the document, the plaintiff had agreed to fund the joint venture by providing a loan of up to US$3,000,000. The document stated “acting pursuant to the said agreement, the plaintiff has provided loans to the joint venture in excess of US$2,800,000 over a period of time.”
The company in its statement of claim said Pollard has failed to comply with his obligations under the agreement. Despite repeated requests, Pollard failed to comply.
The claim stated that due to the defendant’s inability to comply with his obligations under the agreement, the plaintiff and the defendant agreed to settle all outstanding issues touching and concerning the joint venture agreement whereby the defendant would repay the plaintiff, the sum of US$3,530,000 among other terms; US$230,000 was due by October, 2014.
The plaintiff noted in its claims, that pursuant to that repayment agreement, the defendant has since repaid the sum of US$31,614 leaving an outstanding balance of US$198,386.
The plaintiff asserted that repeated requests and demands had been made to Pollard, for him to repay the sum, but he has “failed, neglected and refused to pay.”
In addition to claiming the outstanding balance owed, the plaintiff is also claiming interest on the said sum at a rate of 6% per annum, pursuant to the Law Reform Miscellaneous Act Cap. 6:01.
It is seeking also, any other relief the court deems necessary as well as costs.
