Read the full judgment text of HCB 000702/2004 on BabelCite. This HCB judgment was delivered on 10 May 2004.
1. This is a creditor's petition for the debtor's bankruptcy based on a judgment debt in the sum of about $7 million. The judgment debt is undisputed but the debtor opposes the petition and asks for an adjournment on the ground, in essence, that there will be funds available to meet the judgment debt. The assets which are put forward in support of this assertion include :