19 Mar 2014
RE TSOI LAI HA SANDRA
- Citation
- RE TSOI LAI HA SANDRA
- Court
- Court of First Instance
- Case number
- HCB5341/2013
Where a petitioner demonstrates an indisputable minimum debt and statutory demands are otherwise regular, over‑claiming of time‑barred interest does not render the statutory demands defective; cross-claims alleging undervalue sales must be supported by evidence such as contemporaneous valuation, and unsubstantiated assertions of undervalue or prejudice do not defeat a bankruptcy petition. Consequently the bankruptcy orders were appropriate.