9 Aug 2019
EASY MOUNT GROUP LTD v. LAM KA YUK, JAMES
- Citation
- [2019] HKCA 890
- Court
- Court of Appeal
- Case number
- CACV267/2018
The petition was dismissed because the asserted Sum did not constitute a 'debt' under the Bankruptcy Ordinance as it was not a liquidated sum: there was no consensus on the quantum of the Consideration required under the Memo, the Demand Letters were manifestly incorrect and open to challenge, and the Guarantee did not convert the disputed contingent payment obligation into a presently payable liquidated debt.