1 Mar 2001
RE LEUNG YAT TUNG
- Citation
- RE LEUNG YAT TUNG
- Court
- Court of First Instance
- Case number
- HCBI1/2001
The court refused to grant the interim order because the debtor and the intended nominees failed to provide full and frank disclosure, including a material misrepresentation of liabilities by omitting security values and inadequate verification by nominees; the proposal was therefore not shown to be serious and viable and the exercise of discretion to impose a moratorium was refused; the bankruptcy order was made as the petition was uncontested.