Read the full judgment text of HCMP 002923/2002 on BabelCite. This High Court CFI judgment was delivered on 25 July 2006.
1. The plaintiff commenced these proceedings by Originating Summons to recover from the defendant a loan of $2.5 million together with interest and payments associated with the loan and also to obtain vacant possession of the property on which the loan is secured. The defendant defends the claim on the ground that the loan and mortgage are void and unenforceable by reason of fraudulent and/or negligent misrepresentation and that the plaintiff was an unlicensed money lender.