Commercial Registry - 2022 November

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November 2022
Inde Credit Company Limited v Green Park Transport and Contractors Limited and Ors (2021/HKC/018) [2022] ZMHC 28 (8 November 2022) Court referred quantification of loan arrears to assessment, dismissed most plaintiff claims and lost-income counterclaim, and ordered offset against agreed equipment purchase price. Banking and finance — Term loan facility — Validity despite clerical date error; Security — deposit of title deeds as collateral; Burden of proof — plaintiff must prove amount claimed; Self-help repossession — impermissible without court order; Counterclaim — lack of evidence for lost income; Sale of goods — written purchase price enforceable.	8 November 2022

November 2022

Inde Credit Company Limited v Green Park Transport and Contractors Limited and Ors (2021/HKC/018) [2022] ZMHC 28 (8 November 2022)

Court referred quantification of loan arrears to assessment, dismissed most plaintiff claims and lost-income counterclaim, and ordered offset against agreed equipment purchase price.

Banking and finance — Term loan facility — Validity despite clerical date error; Security — deposit of title deeds as collateral; Burden of proof — plaintiff must prove amount claimed; Self-help repossession — impermissible without court order; Counterclaim — lack of evidence for lost income; Sale of goods — written purchase price enforceable.

8 November 2022

Commercial Registry - 2022 November

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