Hong Kong Case Law

2 Apr 2001

RE YOHAN CHANDRA

Citation

RE YOHAN CHANDRA

Court

Court of First Instance

Case number

HCB3453/2000

The creditor was not obliged to realise other security or to proceed first against a solvent principal debtor or co‑surety before enforcing a guarantee; the default judgment against the debtor was properly obtained and ought not be set aside, and therefore a bankruptcy order against the debtor was correctly made.

• Bankruptcy order
• Guarantor liability
• Default judgment
• Realisation of security
• Equitable defenses
• Contribution between sureties