17 Dec 2012
TAI WEALTHY ELECTRONICS (HK) LTD AND ANOTHER v. MARSHEL EXPORTS LTD
- Citation
- TAI WEALTHY ELECTRONICS (HK) LTD AND ANOTHER v. MARSHEL EXPORTS LTD
- Court
- Court of First Instance
- Case number
- HCCW274/2012
The applications for validation were dismissed because the court found suspicious circumstances in timing and evidence of undervalue sales that were not bona fide normal commercial transactions, and granting a validation order would not be appropriate in the creditors' interests.