High Court grants possession to the mortgage holder of a commercial property, affirming the retrospective ratification of a receiver's appointment despite a technical trespass during an early morning entry attempt. The court found that the receiver's actions, including the sale of an apartment at market value and the non-operation of a shop due to lack of capital and opposition from the defendants, were lawful and in the best interest of the appointing party. The original decision to grant an interlocutory injunction was upheld by the Supreme Court, and the receiver's appointment was later ratified by the bank's directors, rectifying any prior lack of authority. The court rejected the defendants' counterclaim of mismanagement of the receivership and determined that the mortgage holder had legal entitlement to the property, as recorded in the Land Registry.
Receivership, ratification, possession, trespass, peaceable entry, forcible entry, mortgage, High Court, Supreme Court, interlocutory injunction, appointment of receiver, Deed of Appointment, retrospective ratification, counterclaim, mismanagement, Land Registry, beneficial ownership, legal entitlement, technical trespass, costs order.