AGIFEL INTERNATIONAL LIMITED v JAMES WARDELLCHAN WAI DUNE(Joint and Several Liquidators of Dream Asia Limited(in Creditors' Voluntary liquidation))

Read the full judgment text of HCMP 004394/2002 on BabelCite. This High Court CFI judgment was delivered on 20 February 2003.

1. This is the Applicant's application for a declaration that the floating charge created by the debenture over Dream Asia Limited ("Dream Asia") is not invalidated by virtue of section 267 of the Companies Ordinance, Chapter 32, and further or alternatively for determination of the extent to which the said floating charge is not invalidated by reason of cash paid to Dream Asia.