The court found that the applicant had not established a prima facie case with a probability of success, as she was not a party to the charge between the 1st and 2nd respondents and thus could not assume the obligations of the chargor. The 2nd respondent, as the registered owner, was in default of the loan, and the 1st respondent was entitled to exercise its statutory power of sale. The court also noted that the applicant was guilty of material non-disclosure for failing to disclose the existence and outcome of a related suit where similar injunctive relief had been denied. The timing of the application, filed only days before the scheduled auction, was deemed to indicate bad faith. The balance of convenience favored the 1st respondent, as the debt would continue to accrue and erode the value of the security. Consequently, the application for a temporary injunction was dismissed, and any interim orders were discharged.