31 Jul 2002
GET NICE（UNION）FINANCE CO. LTD. v. LUEN CHEONG TAI INTERNATIONAL HOLDINGS LTD. AND ANOTHER
- Citation
- GET NICE（UNION）FINANCE CO. LTD. v. LUEN CHEONG TAI INTERNATIONAL HOLDINGS LTD. AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCA1831/2002
Refusal of the stay because the company lacked a bona fide defence (the money lenders defence fails as the loan is exempt for listed-company borrowers), and because the plaintiff gave an undertaking not to levy execution until the winding-up petition is withdrawn, dismissed or until further order, removing risk of priority and justifying refusal of the stay as an exceptional case.