23 May 2000
THE HONGKONG AND SHANGHAI BANKING CORPORATION LTD. v. VESOCO CO. LTD. (in liquidation)
- Citation
- THE HONGKONG AND SHANGHAI BANKING CORPORATION LTD. v. VESOCO CO. LTD. (in liquidation)
- Court
- Court of First Instance
- Case number
- HCCW61/1998
Validation order granted because the Bank acted in good faith and in the ordinary course of business before advertisement, the Companys account remained in credit (so the Bank was not preferred), and requiring repayment would unjustly force the Bank to disgorge funds and then top up the estate, thereby justifying validation under s182.