23 Jun 2022
RE YIP KIM PO
- Citation
- [2022] HKCFI 1912
- Court
- Court of First Instance
- Case number
- HCB4531/2021
Debtor was precluded by the prior determination on the application to set aside the statutory demand (issue estoppel/res judicata and Turner public policy) from raising the limitation defence at the petition hearing; accordingly the debtor's stay summons was dismissed and the petition proceeded, and the court held that in the bankruptcy context the term "action" under s.4(1)(a) of the Limitation Ordinance is sufficiently broad to encompass the two‑stage statutory demand/petition process.