Read the full judgment text of HCMP 000883/2003 on BabelCite. This High Court CFI judgment was delivered on 21 April 2004.
1. The matter before me arose in this way. The 1st defendant is the purchaser of a property in Wan Chai. The 1st defendant is a company owned and controlled by the 2nd defendant as can be seen from the name of the 1st defendant. The 1st defendant on the purchase of the property obtained a mortgage from one Hong Kong Building and Loan Agency Limited on 24 January 1998. Subsequently that mortgage was taken over by the present plaintiff HKCB Finance Limited. The 1st defendant paid mortgage repaymen