20 Jun 2007
FRED LEE AND ANOTHER v. TONG YUK KIN
- Citation
- FRED LEE AND ANOTHER v. TONG YUK KIN
- Court
- Court of First Instance
- Case number
- HCB22870/2002
The court found that three loan applications (JCG, United Asia, SHK) involved deliberate and material misrepresentations or gross understatement of the bankrupt's financial position which contributed to her insolvency; such conduct is 'unsatisfactory' under s30A(4)(d). Balancing rehabilitation, creditors' interests and public interest, the court exercised its discretion under s30A(3) to suspend the running of the relevant period for six months and ordered costs nisi against the bankrupt.