11 Nov 2011
RE HO CHUNG DEVELOPMENT LTD AND ANOTHER
- Citation
- RE HO CHUNG DEVELOPMENT LTD AND ANOTHER
- Court
- District Court
- Case number
- DCMP2358/2011
Under s.12A CPO the court, exercising its discretion, may allow payment into court to redeem an encumbrance and declare land free where the encumbrancer cannot be found; here the encumbrancer/trustee could not be located, the mortgage was treated as subsisting and the court found payment of HK$2,448 (principal plus notional interest at 20% for 107 years plus margin) adequate, therefore ordered payment into court and declared the properties discharged upon payment.