Determination of damages

Plaintiff company was aggrieved of notices issued by defendant Bank which had put a lien on the foreign currency account of plaintiff

Plaintiff sought recovery of damages against defendant Bank

Validity

To substantiate claim of damages based on losses suffered due to act of defendant Bank as alleged, it was incumbent upon plaintiff to demonstrate that such losses in fact had occurred during such period by quantifying and substantiating them, whereafter damages proportionate to such losses could have been claimed

Damages could not be awarded on such expectation or on hearsay evidence, it had to be specific with transactions and the quantum of losses so as to claim damages in retrospect

Single Judge of High Court rightly declined to allow damages to plaintiff against defendant Bank

Intra-court appeal was dismissed in circumstances.