Ilasha Mining (applicant) concluded a loan facility agreement with Fidelity Printers and Refiners for US$2,500,000 to purchase mining equipment. The applicant requested pro-forma invoices from Yatakala Trading/Viking Hardware (respondent) for equipment and submitted these to Fidelity. Fidelity transferred US$1,808,899 directly to the respondent based on two pro-forma invoices. Subsequently, applicant and respondent failed to agree on pricing, with applicant contending prices were inflated. Applicant refused to sign the invoices or collect equipment, arguing no binding contract existed and demanding return of the funds. Respondent maintained it had purchased equipment with the funds and that a valid contract existed. Applicant sought an urgent declaratory order that no contract existed and an order for respondent to repay the funds. Prior to this application, applicant had obtained a provisional order (HC 3165/17) compelling release of funds, but this was stayed by the Supreme Court on appeal, and applicant subsequently filed a notice of abandonment.