28 May 2020
RE TANG YAU SING
- Citation
- [2020] HKCFI 877
- Court
- Court of First Instance
- Case number
- HCB7144/2019
The court held that the petitioner met the statutory requirements for a bankruptcy order because the debtor failed to comply with the statutory demand and did not establish a bona fide, mutual cross-claim nor produce credible, documentary evidence of imminent financing; res judicata barred re-litigation of the cross-claim issue and there was no basis to further adjourn the petition, therefore the bankruptcy order stands.