1 Nov 2002
FIVEOCEANS SUPPLY SERVICES LTD.
- Citation
- FIVEOCEANS SUPPLY SERVICES LTD.
- Court
- Court of First Instance
- Case number
- HCCW1379/2001
The court granted a validation order because the payment of $1,495,060 was for goods sold at market price in the ordinary course of the Company's business, the vendor was unaware of the petition when the transaction occurred, and the liquidators did not oppose validation; accordingly the payment is not avoidable under s.182 upon the subsequent winding‑up order.