26 Feb 1993
In re First Bangkok City Finance Ltd. and Thai Mercantile Development Finance Ltd.
- Citation
- In re First Bangkok City Finance Ltd. and Thai Mercantile Development Finance Ltd.
- Court
- Court of First Instance
- Case number
- HCCW202/1986
Pre-existing agreements between the parties at the date of the winding up constituted mutual dealings within s.35 of the Bankruptcy Ordinance; consequently set-off is to be determined with reference to the date of the winding up although quantification of contingent claims may be made later when the claim is presented, and the applicant is entitled to proof for the net sum after setting off loans against deposits as at the winding up date.