Read the full judgment text of HCB 1153/2022 on BabelCite. This HCB judgment was delivered on 19 April 2022.
1. By petition presented on 1 April 2022 the petitioner, Zhongcai Finance Limited (“ Petitioner ”), seeks a bankruptcy order against Mr Chui Tak Keung Duncan (“ Debtor ”) on the ground that there was a default in connection with the voluntary arrangement proposed by the Debtor in HCBI 2/2021 (“ Proposed IVA ”) as approved by the creditors at the meeting held on 24 March 2021 (“ IVA ”). At the hearing, I dismissed the petition. These are the detailed reasons for my judgment.
Cites 2 cases