19 Oct 1999
RE: NG PATRICK SHIN KAU and EX PARTE: SANWA FINANCE HONG KONG LTD.
- Citation
- RE: NG PATRICK SHIN KAU and EX PARTE: SANWA FINANCE HONG KONG LTD.
- Court
- Court of First Instance
- Case number
- HCB1588/1999
Because the debt was undisputed, the debtor was unable to repay, and the debtor's asserted remedy against former directors was speculative and uncommenced (with no means for the court to assess its merits), and because payments would risk avoidance under section 42 due to a second petition, the court must make the bankruptcy order sought.