23 Nov 2018
HAMMER CAPITAL PRIVATE INVESTMENTS LTD v. INDUSTRIAL AND COMMERCIAL BANK OF CHINA (ASIA) LTD AND OTHERS
- Citation
- [2018] HKCFI 2603
- Court
- Court of First Instance
- Case number
- HCMP2046/2018
The injunction was refused because the plaintiff failed to show a real risk that the mortgaged properties would be sold for less than their proper market values: the receivers set reserves based on independent valuers and produced credible evidence that sale would not be below market; the plaintiff provided no acceptable evidence of market value and allegations of collusion lacked sufficient evidential foundation at the interlocutory stage.