Read the full judgment text of HCMP 001110/1998 on BabelCite. This High Court CFI judgment was delivered on 11 November 1998.
1. The Plaintiff's case is that it had entered into a mortgage agreement with the 1st Defendant on 15th May 1997 in which the 1st Defendant charged its property to the Plaintiff as a security for repayment of money advanced by the Plaintiff. Two loans of $1.5 million and $454,000 had been advanced by the Plaintiff. The 1st Defendant failed to respond to the Plaintiff's demand for repayment and the Plaintiff proceeded, by way of originating summons, against the 1st Defendant for payment of the mo