Read the full judgment text of HCCW 81/2016 on BabelCite. This High Court CFI judgment was delivered on 30 December 2016.
1. By a Re-Amended Petition dated 15 March 2016, Toshiba Electronics Asia, Ltd (Petitioner) applies to wind-up GW Electronics Co Ltd (Company) on the ground that it is insolvent and unable to pay its debt in the sum of US$15,263,129.39 (Debt). The Debt represents the outstanding payment for goods sold and delivered by the Petitioner to the Company under a Distributorship Agreement in respect of electronic memory products dated 1 January 2013 (Agreement).
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