Read the full judgment text of HCB 3661/2020 on BabelCite. This HCB judgment was delivered on 7 December 2020.
1. This is the hearing of a bankruptcy petition against the debtor, Mr Lo Ching‑foon. The petition is based on a final judgment obtained by the petitioner bank against three defendants, including the debtor, in April 2020, which in turn was based on outstanding banking facilities advanced by the bank to the pharmacy business which were guaranteed by the debtor. The debt of over $7.2 million has not been disputed by the debtor at the previous hearing of the petition before a judge. The debtor exp