Read the full judgment text of HCCL 000007/1997 on BabelCite. This HCCL judgment was delivered on 3 January 2001.
1. This is a dispute between the plaintiff bank, in liquidation, and the 2nd defendant, Mr Erez Levy, who acted as guarantor of the indebtedness to the bank of the 1st defendant, Asian Winner Limited ("Asian Winner"). It is also a dispute which has run a slightly unusual course. Summary judgment was entered against Asian Winner, the principal debtor, on 31 January 1996, and on 23 May 1996 default judgment was entered against the 2nd defendant. This latter judgment was set aside by Sears J on 13
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