Read the full judgment text of HCB 007596/2004 on BabelCite. This HCB judgment was delivered on 6 July 2005.
1. This was the hearing of a bankruptcy petition presented by Chun Yip Industrial (Holding) Limited (“the Petitioner”) against Kasetsumpan Chiewcharn (“the Debtor”). The petition was presented on 30 July 2004, and is based on a debt of some US$2,465,462.56 arising from a guarantee dated 29 July 2002 (“the Guarantee”) executed jointly by the Debtor and his elder brother, Kasetsumpan Sukhon (“Sukhon”) in favour of the Petitioner, by which the debtor guaranteed all debts owing to the Petitioner by