26 Nov 1980
TSE KWONG-LAM v. WONG CHIT-SEN AND OTHERS
- Citation
- TSE KWONG-LAM v. WONG CHIT-SEN AND OTHERS
- Court
- Court of Appeal
- Case number
- CACV34/1979
The Court held the auction was properly advertised and conducted and the purchaser company was not a sham or alter ego; the auction price was prima facie a proper forced-sale price and the specific complaints (reserve price level/disclosure, related bidding, unitization) did not establish bad faith; rescission was refused due to the mortgagor's unreasonable delay in prosecuting equitable relief; appellate court allowed mortgagee's appeal and set aside the trial judgment awarding damages.