B. We. S. Consultants Ltd. or Dao Heng Bank Limited. Essay
[???]B. I. H. CONSULTANTS LTD. v DAO HENG BANK LTD.[??].[??] [????]Facts: The plaintiff brought these proceedings in order to obtain an account from the defendant for the proceeds of sale of a property, formerly owned by the plaintiff, sold in a mortgagee sale by the defendant, pursuant to orders in separate proceedings between the same parties. The plaintiff sought an order for interim payment, under R. S i9000. C Order 29, rules 10 and 12, of part of the proceeds of sale which was surplus to the amount claimed by the mortgagee. A master granted an order for interim payment. The defendant appealed. The defendant contended that the order should be declined in the exercise of the court's discretion, because of related proceedings between the parties and parties associated with them. The plaintiff was a company which was wholly-owned by Graham Margot, who had previously been employed by a wholly-owned subsidiary of the defendant. As part of Margot's employment benefits his company, the plaintiff, was granted a mortgage by his employer's parent company, the defendant. After Margot's employment ended: (a) his employer sued him in separate proceedings and was awarded over $2 million in damages;…...
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