14 Oct 2014
PENTA INVESTMENT ADVISERS LTD v. ALLIED WELI DEVELOPMENT LTD (formerly known as HENNABUN CAPITAL GROUP LTD)
- Citation
- PENTA INVESTMENT ADVISERS LTD v. ALLIED WELI DEVELOPMENT LTD (formerly known as HENNABUN CAPITAL GROUP LTD)
- Court
- Court of First Instance
- Case number
- HCA1656/2012
Court found on the evidence that Ms Liao intended to and did execute the Deed as a director; she had actual authority under article 71C to bind Hennabun; the common seal was affixed with the company's authority; therefore the Deed is binding and enforceable against Hennabun and judgment is entered for Penta on liability, with quantum to be assessed at a further hearing.