Read the full judgment text of HCMP 1431/2012 on BabelCite. This High Court CFI judgment was delivered on 2 November 2015.
1. By the originating summons herein, the applicants, who are the trustees in bankruptcy of Cheung Siu Kin Alex (“the trustees”), seek (i) an order under s. 49 of the Bankruptcy Ordinance (“the Ordinance”) to set aside certain transfers of funds made by the bankrupt to each of the 1 st and 2 nd respondents during the 5 years prior to bankruptcy as transactions at an undervalue; (ii) alternatively, an order under s. 50 of the Ordinance to set aside certain transfers of funds made by the bankrupt
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