Read the full judgment text of HCCW 000755/2005 on BabelCite. This High Court CFI judgment was delivered on 31 January 2008.
1. On 30 November 2005, Sweetmart Garment Works Limited (“the Company”) went into compulsory liquidation on a creditors’ petition presented against it by Overseas-Chinese Banking Corporation Limited (“OCBC”) on 28 September 2005. A little over a month prior to the presentation of the petition, the Company had granted a mortgage over the “Florence”, a pleasure craft owned by it, in favour of another of its creditors, the Hong Kong branch of HSH Nordbank AG (“the Bank”).
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