AND IN THE MATTER of the property comprised in a Mortgage dated 20thSeptember 2004 made between the Mortgagor LEE YIN NGOR, the Borrower IREWIN INDUSTRIAL LIMITED and the Lender DBS BANK (HONG KONG) LIMITED and registered in the Land Registry by Memorial No. UB9348943 v AND IN THE MATTER of the property comprised in a Mortgage dated 20thSeptember 2004 made between the Mortgagor LEE YIN NGOR, the Borrower IREWIN INDUSTRIAL LIMITED and the Lender DBS BANK (HONG KONG) LIMITED and registered in the Land Registry by Memorial No. UB9348942

Read the full judgment text of HCMP 2635/2012 on BabelCite. This High Court CFI judgment was delivered on 26 March 2014.

1. The Plaintiff seeks the court’s determination of how to deal with the surplus of the proceeds of sale of the properties, which were sold by the plaintiff in exercise of its power of sale as the mortgagee. It took out an ex parte originating summons which came before me. I adjourned the application to be decided on paper; and for such purpose, gave directions to enable all the parties concerned to make submissions (and if intended, to apply to intervene), if they so choose.

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