26 Nov 2002
RE MAN KWOK SHING
- Citation
- RE MAN KWOK SHING
- Court
- Court of First Instance
- Case number
- HCB10375/2002
The court found no proven material variation: the sale proceeds remained trust money and the bank did not permit a variation that discharged the guarantors; alternatively, even if a variation occurred it fell within the wide protective scope of clause 3.05 of the Guarantee, so the guarantors were not discharged; accordingly the petitions succeeded and bankruptcy orders were made against each debtor.