16 Oct 2008
RE TO KIN WAH
- Citation
- RE TO KIN WAH
- Court
- Court of First Instance
- Case number
- HCB9856/2007
The court held that the Debtor's unquantified but substantial cross-claim did not bar a bankruptcy order because the Petitioners had available reverse cross-claims (taxed costs and petition debt) that overtopped the Debtor's cross-claim; the proposed pledges of Tso shares/entitlements were not shown to be assignable or effectively available; and the proposed land security lacked evidence of ownership and value, so none of the Debtor's grounds sufficed to resist the bankruptcy order.