26 Sept 2014
DBS BANK (HONG KONG) LTD v. YUE LI (H.K.) ENGINEERING LTD AND OTHERS
- Citation
- DBS BANK (HONG KONG) LTD v. YUE LI (H.K.) ENGINEERING LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCMP165/2014
The court held there was no arguable defence: undue influence was not established nor presumed; the Mortgage, with Schedule II blank and clause 18, validly secured all monies and was not discharged by subsequent increases in facilities; the plaintiff was entitled to rely on the company's Annual Return and the ostensible authority of the sole director so the director's resolution was effective to bind the company; accordingly judgment granted for plaintiff and possession and costs ordered.