4 Mar 1999
INTERNATIONAL BANK OF ASIA LTD. v. KEWPAISAL WARRANUCH AND OTHERS
- Citation
- INTERNATIONAL BANK OF ASIA LTD. v. KEWPAISAL WARRANUCH AND OTHERS
- Court
- Court of First Instance
- Case number
- HCMP1421/1998
The judge held that proceeding under Order 88 and first hearing by a master was appropriate; the Guarantee permitted variations so the guarantors remained liable; the defendants failed to show the interest rate was penal or unenforceable; the bank was not acting unreasonably in refusing to release all-monies charges before full repayment and such refusal did not constitute a clog on the equity of redemption; accordingly the appeals were dismissed and costs were ordered against the defendants.