22 Jan 2020
RE YUAN YIQIANG
- Citation
- [2020] HKCFI 259
- Court
- Court of First Instance
- Case number
- HCB7480/2018
The bankruptcy order was set aside because, applying the tenancy agreement’s Clause 5.03 deeming provision, the HK$8,500,000 deposit extinguished the debt due to the petitioner as at the date of the statutory demand (and thus no debt existed to ground the petition); alternatively there exists a bona fide dispute on substantial grounds about the validity and extent of the Default Judgment (and set-off), which justifies review under s98(1).