25 Jan 2013
CHEN LEE YUAN HUA v. HSIEH YANNIK AND OTHERS
- Citation
- CHEN LEE YUAN HUA v. HSIEH YANNIK AND OTHERS
- Court
- Court of First Instance
- Case number
- HCCW436/2012
Because the company was shown to be plainly solvent with significant net assets and ongoing profitable operations, the court granted a validation order under s182 for payments and dispositions in the ordinary course of business from presentation of the petition to judgment, but rejected the petitioner’s proposed cap and prior-approval conditions as unreasonable; the order was made subject to monthly reporting and liberty to inspect supporting documents; costs of the summons to be in the cause and costs of the hearing to be borne by the petitioner.