26 Mar 2015
TAI SHING INTERNATIONAL (HOLDINGS) LTD
- Citation
- TAI SHING INTERNATIONAL (HOLDINGS) LTD
- Court
- Court of First Instance
- Case number
- HCCW83/2014
The petition was struck out because the Company established a bona fide defence on substantial grounds with credible documentary and affidavit evidence indicating the asserted loan was in truth an illegal scheme orchestrated by the former director for personal benefit (breaching fiduciary duties and potentially offending securities and companies legislation), rendering the repayment agreements and cheques unenforceable as fruits of the illegal transaction and making the petition an abuse of process.