Read the full judgment text of HCB 004641/2001 on BabelCite. This HCB judgment was delivered on 22 November 2001.
1. This is a bankruptcy petition by the judgment creditor against the judgment debtor. Judgment in the amount of $14.7 million was entered against the Debtor on 10 April 2001. All statutory requirements for the petition have been complied with. The Debtor accepts the judgment and admits that he has not paid the judgment debt. He resists the petition on the basis that he had four lucrative projects in the pipeline. If given time for negotiation, these projects will materialise and will generate i
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