Read the full judgment text of CACV 98/2019 on BabelCite. This Court of Appeal judgment was delivered on 2 June 2022.
1. By way of a petition dated 24 April 2017 (“ the Petition ”), the Petitioner (“ Mr Yip ”) petitioned to wind up the Respondent (“ the Company ”) on the ground of insolvency based on a statutory demand dated 6 March 2017 for the debt comprising CHF 105,527 and HK$280,000 (totalling HK$1.17m) (“ the Debt ”). It was Mr Yip’s case that the Debt represented the seven loans he had advanced to the Company over a period of time [1] . The Company opposed the Petition in disputing the Debt.
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