Read the full judgment text of HCMP 3101/2001 on BabelCite. This High Court CFI judgment.
1. The Plaintiff is a bank. It has brought this action against the Defendants for repayment of a loan of $26 million that it made to the 1 st Defendant. The 2 nd and 3 rd Defendants are 50% shareholders in the 1 st Defendant; the 2 nd Defendant personally and the 3 rd Defendant through a 100% owned BVI company by the name of Win Favour Limited. This trial only concerns the 3 rd Defendant’s (“the Defendant”) alleged liability.