18 Sept 2020
SYNERGY LIGHTING LTD v. THE HONGKONG AND SHANGHAI BANKING CORPORATION LTD
- Citation
- [2020] HKCFI 2490
- Court
- Court of First Instance
- Case number
- HCMP1447/2020
There was no prima facie case that a winding-up petition by the Bank would be an abuse of process because the Bank was an undisputed creditor, the assignment of future receivables did not make the debt adequately marketable or reasonably satisfactory security, and section 178(1)(a) is not the sole basis for a petition; accordingly the ex parte injunction was discharged and the summons dismissed.