5 Oct 2000
CHAN DAT CHAN AND ANOTHER v. HEEPSON HOLDINGS LTD.
- Citation
- CHAN DAT CHAN AND ANOTHER v. HEEPSON HOLDINGS LTD.
- Court
- Court of First Instance
- Case number
- HCCW859/2000
The Court granted an interim validation order: payments into or out of the company’s bank accounts and dispositions of company property made in the ordinary course of business for proper value between presentation of the petition and judgment (or determination of any striking-out motion if later) will not be void by virtue of Section 182, subject to the bank having no obligation to verify ordinary course status or market value, and on the condition that all company cheques be executed either by Chan Dat Chan and Yick Sun Kit jointly or by Lau Ngan Chai and Lam Sei Pui jointly; the Court refus…