JUDGMENT

Mary Lim Thiam Suan FCJ:

[1] The respondent sued the appellant bank for a purported shortfall in the size of the land that it had purchased at a public auction. The claim was dismissed at first instance but allowed on appeal. We reversed the decision of the Court of Appeal upon answering the first question posed on appeal.

[2] The questions posed concern the relationship between a successful bidder in an auction conducted pursuant to an order for sale issued by the High Court, and the bank who initiated the sale, whether these parties are in any contractual relationship upon which the parties may sue for any shortcomings that may subsequently arise. These are important questions where the answers should assist and guide parties similarly circumstanced. Orders for sale of immovable properties are unfortunately, commonplace and the clear pronouncement of this Apex Court should go a substantial way to addressing common concerns.