14 Jul 2010
RE LO SHIU MUI
- Citation
- RE LO SHIU MUI
- Court
- Court of First Instance
- Case number
- HCB10596/2007
The court held that 'paid' in s33(1)(b) can include debts extinguished by accord and satisfaction (i.e. discharged other than by full cash payment) and that where the petitioner no longer claims and there are sufficient realisable assets to meet expenses, it is appropriate to exercise discretion to annul the bankruptcy.