5 Jan 2006
RE HK FULLSON CO LTD
- Citation
- RE HK FULLSON CO LTD
- Court
- Court of First Instance
- Case number
- HCCW374/2005
Section 182 was held not applicable to an assignment of a bank's mortgage/charge over company property; charges held by secured creditors are administered outside the winding‑up regime and, while applicants may be entitled to subrogation under Cap.23 s.15 if they pay the indebtedness, no relief under section 182 should be granted. The summons was dismissed.