5 Nov 2025
EVER-LONG FINANCE LTD v. LAM SAI KIT AND ANOTHER
- Citation
- [2025] HKDC 1863
- Court
- District Court
- Case number
- DCMP2062/2025
As a secured second mortgagee entitled to possession the plaintiff was permitted to realize its security without leave of the Bankruptcy Court under BO s12(2); the court exercised its discretion under MLO s18(3) to enforce the loan agreement despite lack of signed memorandum because non-compliance was not serious and enforcement was equitable; the plaintiff qualified as a person interested under PO s3 and, given impracticability of partition, an order for sale under PO s6 was appropriate; consequential orders for sale, distribution of proceeds and indemnity costs (HK$85,000) were granted with…