31 May 1993
THE COMMERCIAL BANK OF HONG KONG LTD. V. WELLSTANDARD TEXTILES CO. LTD. AND ANOTHER
- Citation
- THE COMMERCIAL BANK OF HONG KONG LTD. V. WELLSTANDARD TEXTILES CO. LTD. AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCMP3785/1991
The plaintiff was a bona fide mortgagee for value without notice and entitled to rely on the receipt clause in the assignment; speculative assertions that the plaintiff had notice were insufficient; accordingly the plaintiff's registered mortgage took priority and the plaintiff was entitled to the possession and relief sought in the originating summons.