Shamji v Johnson Matthey Bankers Ltd [1991] BCLC 36 is a UK insolvency law case concerning the administration procedure when a company is unable to repay its debts.
The bank agreed to release the debt if Shamji paid £14m within 21 days and this could be extended by 14 days if the bank viewed negotiations as proceeding properly.
Shamji and the companies went to court for an injunction, arguing the bank had breached the contract.
They argued there was a duty on JMB as mortgagee, when appointing a receiver, to consider relevant matters including the effect of an appointment on refinancing negotiations.
It owed no duty of care when doing so to any mortgagor or guarantor.