Read the full judgment text of HCB 992/2000 on BabelCite. This HCB judgment was delivered on 7 August 2001.
1. This is a bankruptcy petition by which the petitioner bank is seeking a bankruptcy order against the respondent, Madam Lai Yin Shan in respect of a debt of some $20,000,000.00 being the balance of banking facilities provided by the petitioner to a company called Chit Lee Marble & Minerals Co. Ltd, pursuant to two guarantees signed by her under seal in 1997. The debt owed by the company is not in dispute, but the respondent contends that the guarantees were executed by her as a result of the m
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