Read the full judgment text of HCAJ 000351/1997 on BabelCite. This HCAJ judgment was delivered on 8 December 1997.
1. By the two Motions, the Plaintiff bank ("the Bank"), applied for Judgment in Default of Acknowledgment of Service and for Sale of the ship Margo L ("the Vessel") to the named proposed purchaser Hudson Navigation Inc ("Hudson") at the price of HK$26,520,000 or about US$3.4 million. I entered Default Judgment in favour of the Bank as there was no doubt that the Defendants were in default of the mortgage and that the total amount owing to the Bank was as shown in the documents namely some US$12