The High Court yesterday rejected an appeal by bankrupt former playboy tycoon Louis Lo Siu-fai over the liquidation of a company he previously controlled, thwarting his bid to claim nearly $140 million. It was a second attempt by Mr Lo to overturn the decision of John J. Toohey, the liquidator of Global March, which Mr Lo used as a vehicle for property deals. Global March was wound up in May 1998 on the petition of a creditor company, Jade Point International. Mr Lo and his wholly owned firm, Harvest Year Investment, also claimed to be owed $145.66 million by Global March. Jade Point had claimed $63.53 million while Jumbo Trade International, claimed $63.33 million. In 2003, the liquidator granted Mr Lo and Harvest Year only $5.87 million of the $145.66 million while granting Jade Point $42.87 million and Jumbo Trade $58.09 million. The trustee in the bankruptcy of Mr Lo's estate, Alan C.W. Tang, applied to a Hong Kong judge to change the liquidator's decision, hoping to recover the remaining $139.79 million. The judge dismissed the application. The trustee appealed against the decision but the High Court yesterday, dismissed the appeal. 'The burden of proof that a real debt is due to the applicant lies with the applicant himself. I am not satisfied that the trustee has discharged this burden,' said the judgment. The trustee has simply failed to show that Mr Lo and Harvest Year were entitled to more than the liquidator determined.' Mr Lo was declared bankrupt in October 2002.