11 Oct 1973
RE NOEL ERNEST LEE
- Citation
- RE NOEL ERNEST LEE
- Court
- Court of First Instance
- Case number
- HCB25/1972
The judge exercised the discretion under Section 9(3) of the Bankruptcy Ordinance to dismiss the petition because he was not satisfied that the debtor's assets would produce a 15% dividend and considered it unlikely the Official Receiver would discover worthwhile undisclosed assets; public interest and proportionality weighed against invoking the costly and ponderous machinery of bankruptcy despite suspicions about misrepresentations, although those suspicions were referred to the Attorney General for possible investigation.