Celtic Capital Pty Ltd as trustee for the Celtic Capital Trust v Ceccon

The case involved a legal dispute between Celtic Capital Pty Ltd as trustee for the Celtic Capital Trust and Cristina Ceccon. The central issue was whether Cristina Ceccon executed a loan agreement dated 28 September 2018, and if so, whether there was valid consideration for the agreement. Celtic sought to recover the outstanding balance of funds due under the loan agreement, while Cristina Ceccon denied executing the agreement and claimed there was no consideration for the loan. The court found that Cristina Ceccon did execute the loan agreement, and there was valid consideration for the agreement in the form of a compromise to waive interest on the existing loan. Consequently, Cristina Ceccon was liable to repay the outstanding balance of the loan, including interest, and Celtic was entitled to the relief it sought.