CEBORA S.N.C. v. S.I.P. (INDUSTRIAL PRODUCTS) LTD.

[1976] 1 Lloyd's Rep. 271

COURT OF APPEAL

Before Lord Justice Buckley, Lord Justice Stephenson and Sir Eric Sachs

Practice - Summary judgment - Dishonour of bills of exchange - Claim for payment by holder - Counterclaim by drawer - Application for summary judgment - Whether judgment should be stayed pending trial of counterclaim - R.S.C., O. 14. Bill of exchange - Nature - Dishonour of bill of exchange - Claim by holder for payment - Counterclaim by drawer - Whether bill of exchange should be treated as cash - Whether judgment on claim should be stayed pending trial of counterclaim.