22 Jun 2001
LEONART LTD. v. TURN FINE DEVELOPMENT LTD.
- Citation
- LEONART LTD. v. TURN FINE DEVELOPMENT LTD.
- Court
- Court of First Instance
- Case number
- HCMP432/2001
The judge held that a liquidator's sale to himself is not equivalent to a mortgagee selling to himself and is voidable rather than absolutely void; on the facts the 1975 assignment was made openly with required filings and distributions and there has been long acquiescence and intervening third party interests, so the risk of a successful challenge is remote and fanciful; accordingly the defendant proved beyond reasonable doubt that the title is good and the court declared the title good.