28 Jun 1983
CBG FINANCIAL INVESTMENTS LTD (in liquidation) v. CHEUNG LONG CHUNG
- Citation
- CBG FINANCIAL INVESTMENTS LTD (in liquidation) v. CHEUNG LONG CHUNG
- Court
- Court of First Instance
- Case number
- HCA4673/1983
The court held that the defendant's three payments-in were absorbed into the company's accounts and ceased to retain a separate identity; the defendant failed to particularise or prove authority to withdraw the $500,000; no proper basis for set-off existed; consequently no bona fide triable issue was raised and the appeal must be dismissed.