4 Sept 2023
GLORY SUN LAND GROUP LTD v. KANG NING AND ANOTHER
- Citation
- [2023] HKCFI 2499
- Court
- Court of First Instance
- Case number
- HCMP682/2023
The court held that it was arguable the Deed Poll terms were provided to the defendants before their subscriptions and that the bond instrument provisions requiring bondholder approval (including a 75% written resolution) arguably extend to the presentation of a winding up petition; therefore the Company has a bona fide defence on substantial grounds and is entitled to an injunction restraining presentation of a petition unless the defendants undertake not to present one.