3 Dec 1969
DAO HENG BANK LTD v. ATTORNEY GENERAL AND ANOTHER
- Citation
- DAO HENG BANK LTD v. ATTORNEY GENERAL AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCMP196/1969
The court held that a prohibitory order registered after a prior registered mortgage does not defeat the mortgagee's pre-existing rights; the order only binds the judgment debtor's interest (equity of redemption), so the mortgagee validly exercised the power of sale, the sale did not breach the prohibitory order, and registration of the assignment did not constitute contempt; the sale was sanctioned as a matter of caution.