RE LUNG KAM CHIU

HCB 4202/2020

[2021] HKCFI 3246

IN THE HIGH COURT OF THE

HONG KONG SPECIAL ADMINISTRATIVE REGION

COURT OF FIRST INSTANCE

BANKRUPTCY PROCEEDINGS NO 4202 OF 2020

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DECISION

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1.  I regret to say that this application for extention of time to appeal is a complete waste of time. The Debtor has been asked again to explain to the court why he says he is in the position to repay the debt in question. He simply repeated, as a matter of substance, what he said to the court on the last occasion, namely, that he has an interest in certain landed property which is worth far more than the debt. On the other hand, he cannot gainsay that the property is the subject matter of litigation and he is not in a position to get his hands on the property so that he may, eg, raise finance with the property with which to repay the Petitioners.

2.  This application is completely devoid of merits. There is also no explanation as to why the appeal in question has not been lodged in time. 

3.  For these reasons, I must dismiss the application.  The costs of this application be to the Petitioners to be taxed and paid out of the estate of the Debtor.