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Businessman Tailor ordered to pay $40,000 for defaulting on a Prime Finance Company Loan
By order of court, Rajni Tailor to pay more than $40,048 (UGX141.8m) as compensation. Courtesy photo
Court has ordered businessman Rajni Tailor to pay more than $40,048 (UGX141.8m) as compensation for defaulting on loan repayment to a financial institution.
Justice Susan Abinyo of the Commercial Division of the High Court dismissed an application in which Tailor had asked the court for permission to defend himself against the financial institution.
She ruled that Tailor failed to raise tria
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