24 Sept 1971
NG YIM PUI v. SHANGHAI COMMERCIAL BANK LTD
- Citation
- NG YIM PUI v. SHANGHAI COMMERCIAL BANK LTD
- Court
- Court of First Instance
- Case number
- HCB8/1971
The court exercised its judicial discretion under s.33(1) and, despite serious public‑interest concerns and the debtor's hopeless insolvency, allowed rescission because the petitioning creditor's settlement terms and the absence of sufficient opposing grounds from other creditors and the Official Receiver meant there were not sufficient grounds to refuse rescission in the exercise of that discretion.