Read the full judgment text of HCB 000937/2004 on BabelCite. This HCB judgment was delivered on 17 May 2004.
1. The 3 petitions, namely, HCB No. 937, 939 and 940 of 2004 share the same background and can be dealt with together. Each of the debtors therein owe the petitioning creditor a judgment debt of about $1.6 million. In the Amended Petition, the petitioner discloses that it holds security for the payment of the debt but, in short, the value of the security is less than the amount of the debt and the petitions are based on the unsecured part of the debt.
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