Read the full judgment text of HCB 000108/1980 on BabelCite. This HCB judgment.
1. This is an application by the petitioning creditor for an amendment to the petition. The application was necessitated by Mr. Woollard's reference to s.6 of the Bankruptcy Ordinance. In substance, s.6(2) lays down as a prerequisite that the petitioning creditor must either abandon his security for the benefit of the creditors or give an estimate of the value of his security and, circumstances permitting, proceed against the debtor on only so much of the debt in excess of his security as if he