Read the full judgment text of HCCW 000234/2009 on BabelCite. This High Court CFI judgment was delivered on 17 June 2009.
1. There are two summonses issued by Three Stars Knitting Factory Limited (“the Company”) on 25 May 2009 and 12 June 2009 for validation orders under section 182 of the Companies Ordinance, Cap. 32 in respect of the sale of a total of twelve landed properties. With the exception of one property, which is a car-parking space, all other properties are mortgaged to four banks, one being the petitioning creditor.