Read the full judgment text of HCB 000753/2001 on BabelCite. This HCB judgment was delivered on 8 November 2001.
1. This is a petition brought by CMG Asia Limited, formerly known as CMG Asia Life Assurance Limited, against an insurance agent whose appointment had been terminated by notice. The total debt on which the petition is founded, as stated in the statutory demand dated 18 December 2000, is HK$154,824.54. This is made up of the outstanding sum due in respect of a loan being HK$8,956.25 and the outstanding sum in respect of "guaranteed income" being HK$145,868.29. The outstanding sums for both items
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