30 Sept 2025
HOI BUN INVESTMENTS NO 1 LTD v. BDH COMMERCIAL (HONG KONG) LTD
- Citation
- [2025] HKCFI 4998
- Court
- Court of First Instance
- Case number
- HCCW13/2025
The Guarantee was valid and binding because clause 18(j) of the Company's articles empowered the directors to enter into the Guarantee, the board minutes of 13 August 2021 evidenced authorization and proper execution with the company seal in the presence of the authorized director, and the Company failed to produce evidence to the contrary; consequently the Company did not establish a bona fide dispute on substantial grounds; payment of the petitioning debt into court does not secure or compound the debt and does not preclude the Petitioner from pursuing the winding-up petition; petition ther…