Read the full judgment text of HCB 3651/2018 on BabelCite. This HCB judgment was delivered on 27 August 2018.
1. The bankruptcy petition in this case was based on the outstanding indebtedness of the respondent to the petitioner under the securities account agreements. The only ground on which Mr Yim, who appeared on behalf of the respondent, opposed the petition was that, he contended, the petitioner had failed to mitigate its losses and set off the value of shares held as security for the debt. The complaint as I understood it is that the petitioner wrongfully failed to realise the shares at the time o
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