10 Nov 2023
RE SILVER BASE (HOLDINGS) LTD
- Citation
- [2023] HKCFI 2916
- Court
- Court of First Instance
- Case number
- HCCW20/2023
The summons to admit late evidence (Liang 4th and the revised Midland report) was dismissed for inordinate and unexplained delay with indemnity costs; the Company failed to prove repayment because its repayment records and vouchers were unreliable and inconsistent; the Midland report without comparables lacked probative value and none of the valuations conclusively showed the Property would command the Debt amount on the market; the Company did not secure the Debt to the reasonable satisfaction of the creditor and failed to show a bona fide defence; accordingly the court exercised its discret…