RE CHEUNG KWOK LEUNG

HCB 1475/2007

IN THE HIGH COURT OF THE

HONG KONG SPECIAL ADMINISTRATIVE REGION

COURT OF FIRST INSTANCE

BANKRUPTCYPROCEEDINGS NO. 1475 OF 2007

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Re : CHEUNG KWOK MING

Ex Parte : HANG SENG BANK LIMITED

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HCB 1476/2007

IN THE HIGH COURT OF THE

HONG KONG SPECIAL ADMINISTRATIVE REGION

COURT OF FIRST INSTANCE

BANKRUPTCYPROCEEDINGS NO. 1476 OF 2007

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Re : CHEUNG KWOK LEUNG

Ex Parte : HANG SENG BANK LIMITED

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Before : Hon Chung J in Court

Date of Hearing : 11 June 2007

Date of Judgment : 11 June 2007

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J U D G M E N T

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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 debtin 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), thereis no indication when the debt can be settled. At the debtors’ request, the petitions had earlier been adjourned several timesto 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 accordinglybe the usual bankruptcy order with costs in respect of both petitions.

(Andrew Chung)
Judge of the Court of First Instance
High Court

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