Re Cheung Kwok Ming
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HCB 1475/2007 IN THE HIGH COURT OF THE HONG KONG SPECIAL ADMINISTRATIVE REGION COURT OF FIRST INSTANCE BANKRUPTCYPROCEEDINGS NO. 1475 OF 2007 ______________________ Re : CHEUNG KWOK MING Ex Parte : HANG SENG BANK LIMITED ______________________ HCB 1476/2007 IN THE HIGH COURT OF THE HONG KONG SPECIAL ADMINISTRATIVE REGION COURT OF FIRST INSTANCE BANKRUPTCYPROCEEDINGS NO. 1476 OF 2007 ______________________ Re : CHEUNG KWOK LEUNG Ex Parte : HANG SENG BANK LIMITED ______________________ Before : Hon Chung J in Court Date of Hearing : 11 June 2007 Date of Judgment : 11 June 2007 ______________________ J U D G M E N T ______________________ 1.It is common ground HCB 1475/2007 is related to HCB 1476/2007. In fact, these two petitions are based on the same judgment debt in the sum of roughly HK$1.5 million and the debt was due and owing since September 2006. 2.Despite the two debtors’ assertion that an acquisition contract has been entered into in May 2006 (more than 1 year ago), there is no indication when the debt can be settled. At the debtors’ request, the petitions had earlier been adjourned several times to await payment by the debtors (but to no avail). 3.In these circumstances, I agree with the petitioner that there is no valid reason to adjourn them further. There will accordingly be the usual bankruptcy order with costs in respect of both petitions.
Ms R Lee of Messrs Li Kwok & Law, for the Petitioner Ms Teresa Y M Liu instructed by Messrs Tai Mak & Partners, for the Debtors Ms S Wong of Official Receiver’s Office |
Further hearings and rulings under HCB 1475/2007