Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Mortgage covenant
  • 8 Aug 1985

    WAYFOONG CREDIT LTD v. LI CHI KIN AND ANOTHER

    Citation
    WAYFOONG CREDIT LTD v. LI CHI KIN AND ANOTHER
    Court
    Court of First Instance
    Case number
    HCA1865/1985

    The mandatory procedural rule requiring specification of a service irregularity in the summons barred reliance on that ground, but on the substantive merits the affidavits and exhibited documents (the Reassignment, letters and facility statements) disclosed a real and arguable defence that the mortgage covenants may have been released or the indebtedness converted or shifted so that the defendants' liability 'pursuant to' the Deed of Mortgage was doubtful; that arguable defence justified dismissal of the plaintiff's challenge to the Master's order (i.e. sustaining the setting aside of the def…