13 May 2004
ALAN C W TANG, JOINT AND SEVERAL TRUSTEE IN BANKRUPTCY OF THE ESTATE OF LO SIU FAI LOUIS v. JOHN J TOOHEY, JOINT AND SEVERAL LIQUIDATOR OF GLOBAL MARCH LIMITED
- Citation
- ALAN C W TANG, JOINT AND SEVERAL TRUSTEE IN BANKRUPTCY OF THE ESTATE OF LO SIU FAI LOUIS v. JOHN J TOOHEY, JOINT AND SEVERAL LIQUIDATOR OF GLOBAL MARCH LIMITED
- Court
- Court of First Instance
- Case number
- HCCW180/1998
The trustee failed to discharge the burden of proving the claimed shareholder loans; ledgers and other contemporaneous evidence showed many advances were made by third parties and not by the claimants; the liquidator's adjustments, including treating the post-petition disposition as void and allowing recovery only to the extent restored, were lawful; therefore the proofs were not admissible as sought and the application is dismissed.