26 Aug 2016
STANDARD CHARTERED BANK (HONG KONG) LTD v. PAK KWAN HO
- Citation
- STANDARD CHARTERED BANK (HONG KONG) LTD v. PAK KWAN HO
- Court
- Court of First Instance
- Case number
- HCA1269/2015
The defendant failed to adducespecific, credible particulars or any manifest error to rebut the bank's conclusive certification of indebtedness; the guarantees made the defendant liable as principal obligor and waived any right to require prior proceedings against the principal borrowers; accordingly there was no arguable defence and summary judgment was properly granted and must be upheld.