Read the full judgment text of HCA 005743/2000 on BabelCite. This High Court CFI judgment was delivered on 26 October 2001.
1. In this action, the Plaintiff claimed against the Defendants as guarantors in respect of loan advanced by the Plaintiff to Chang Jiang Power Development (HK) Co Ltd. The total amount outstanding under the loan up to 28 April 2000 was in the sum of US$20,670,763.35. No notice of intention to defend has been filed by the Defendants and default judgment was entered by the Plaintiff against the two Defendants on 3 February 2001. On 21 February 2001, the Defendants took out an application for sett