17 Nov 2014
YIFUNG DEVELOPMENTS LTD v. LIU CHI KEUNG RICKY AND OTHERS
- Citation
- YIFUNG DEVELOPMENTS LTD v. LIU CHI KEUNG RICKY AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA1359/2014
The court held that an Event of Default occurred on 17 March 2014 for non-payment, the receivers' appointment was justified and valid, the MLO, estoppel and agency challenges did not raise serious issues to be tried and the injunction application in HCA1359/2014 was dismissed; however, Yifung Developments was granted interim mandatory relief to recover its corporate records, obtain access to premises and require auditors and banks to accept instructions from the new directors (with limited exceptions), while an application to amend the 1359 writ was refused except for minor factual additions.