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Hendricks CC and Old Mutual Life entered into a written loan agreement in 2012. Alleging breach of the deed of hypothecation, Old Mutual Life instituted legal proceedings in the High Court against Hendricks CC for payment of N$6 372 939,84 and an order declaring the immovable property that Hendricks CC provided as security, to be declared executable. Hendricks CC did not defend the claim and as a result, the High Court granted default judgment against it, plus interest, and declared the immovable property executable. After the grant of a default judgment, the deputy sheriff attached the property and . . .

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