13 Sept 2024
LEAD WELL INVESTMENTS LTD v. QUALI-WELL DEVELOPMENT LTD
- Citation
- [2024] HKCFI 2264
- Court
- Court of First Instance
- Case number
- HCA1914/2020
The defendant raised an arguable defence by offering to stakehold HK$460,000 based on available estimates and by undertaking to pay any shortfall; the purchaser did not seek fortification or propose a counter‑offer; the MBIS works relate to common parts only and the stakeholding plus undertaking is at least arguably sufficient to provide adequate provision to discharge the MBIS Notice — therefore summary judgment was not appropriate and the Master's dismissal of the summary judgment application was upheld.