Pratunam Polyclinic owner ordered to pay Bt76m

national July 10, 2014 00:00

By The Nation

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The Supreme Court yesterday upheld a previous ruling ordering the owner of the Pratunam Polyclinic to pay Bt76 million in debt, including interest since 1997, for breaching his mortgage for two adjoining townhouses in Bangkok's Makkhasan area.

The civil lawsuit was filed by Gamma Capital Fund against clinic owner Dr Thep Vechavisit and his wife Kamolrat. 
Previously, the Appeals Court had also upheld a lower court’s ruling for them to pay Bt11.2 million plus 3 per cent annual interest calculated since December 1997 until full payment is made in addition to Bt20,000 for lawyer’s fees. Failure to pay would result in a Nonthaburi plot owned by the defendant and this building to be foreclosed. 
After yesterday’s verdict, Thep said he accepted the ruling and would repay his debt.

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