Read the full judgment text of HCMP 2739/2013 on BabelCite. This High Court CFI judgment was delivered on 21 August 2014.
1. On 23 October 2008 the Company passed a resolution to put itself into creditors’ voluntary winding up and form W3 was filed at the Companies Registry stating that Alan Tang and Peter Wong had been appointed liquidators of the Company. On 17 October 2013 the liquidators issued an originating summons seeking, amongst other things, a declaration that a payment of $1,050,000 made on 8 July 2008 by the company to the respondent constituted an unfair preference contrary to sections 266 and 266B(1)(