27 Jul 2015
DONALD EDWARD OSBORN AND ANOTHER v. KOO YAT TING
- Citation
- DONALD EDWARD OSBORN AND ANOTHER v. KOO YAT TING
- Court
- Court of First Instance
- Case number
- HCMP1434/2014
Application dismissed because plaintiffs failed to prove the transaction took place at a relevant time: the defendant was not an associate of the bankrupt so the s51(2) presumption of insolvency did not apply, and plaintiffs produced no valuation evidence to establish the transaction was at an undervalue while evidence showed the defendant incurred liability under the loan and thus provided consideration.