22 Mar 2023
MAXCOLM FINANCE LTD v. LI MAN NGAN AND ANOTHER
- Citation
- [2023] HKDC 387
- Court
- District Court
- Case number
- DCMP4769/2022
The plaintiff validly advanced funds secured by a registered mortgage and the 1st Defendant defaulted; the loan and mortgage complied with the Money Lenders Ordinance; no defence was advanced; consequently the plaintiff is entitled to a money judgment for the outstanding indebtedness, to possession of the property under the mortgage, and to an order for sale under the Partition Ordinance because physical division is impracticable. Costs on a solicitor-and-own-client basis are awarded pursuant to the contractual indemnity and the court's assessment.