9 Jul 2010
RE CHAK KAK
- Citation
- RE CHAK KAK
- Court
- Court of First Instance
- Case number
- HCB1789/2010
Court found a genuine dispute exists as to whether the HK$51,994 allocatur involved double accounting but concluded at least HK$36,224 of the statutory demand was indisputable; the debtor's proposed instalment offers were not such that no reasonable creditor would reject them and the court declined to exercise its discretion under s.6D(3) to dismiss the petition; accordingly the bankruptcy order was granted with costs.