10 Mar 2023
RE CHU JIARU
- Citation
- [2023] HKCFI 721
- Court
- Court of First Instance
- Case number
- HCB8394/2020
The Bankrupt succeeded in establishing a bona fide dispute on substantial grounds as to the debt because there were arguable, expert‑supported challenges to the valuation and appropriation of the FLL shares and the NAL loan under the relevant pledge terms and Luxembourg law; however, the court exercised its discretion to refuse annulment because the Bankrupt failed to provide a credible explanation for her absence at the hearing, failed to comply with statutory duties under s18 BO (no Hong Kong statement of affairs), engaged in evasive conduct, made selective disclosure, and there was a real…