26 Feb 1993
In re First Bangkok City Finance Ltd. and Thai Mercantile Development Finance Ltd.
- Citation
- In re First Bangkok City Finance Ltd. and Thai Mercantile Development Finance Ltd.
- Court
- Court of First Instance
- Case number
- HCCW215/1986
Pre-existing agreements between the applicant and the company constituted mutual dealings within s.35; rights arising from those dealings, though contingent, were established at the date of the winding up and could be set off; quantification may occur later when the claim is made, and therefore the applicant is entitled to admission to proof for the net sum after setting off loans against deposits as at the date of the winding up order.