23 Apr 1970
RE THE GRAND HOTEL LTD
- Citation
- RE THE GRAND HOTEL LTD
- Court
- Court of First Instance
- Case number
- HCCW3/1966
The presumption under section 30 of the Bills of Exchange Ordinance that the company was party to the cheques and that the payee gave consideration applied in the winding-up; the Official Receiver produced no evidence to rebut that presumption, and forbearance to sue constituted valid consideration, therefore the claimant's proof of debt must be accepted and the liquidator's rejection of the claim was reversed while his limited allowance was upheld where applicable.