31 Jan 2000
Re Yat Chau Co. Ltd.
- Citation
- Re Yat Chau Co. Ltd.
- Court
- Court of First Instance
- Case number
- HCCW961/1999
There was no genuine dispute as to the debt: the Company consented to repossession, the sale to Rieckermann was not shown to be mala fide, independent valuation evidence did not undermine the petitioner's position as to realizable value, and the Company's application for an adjournment was a delay tactic; accordingly the winding up petition and bankruptcy petition were allowed and the debtor/guarantor held liable.