Read the full judgment text of HCCW 332/2012 on BabelCite. This High Court CFI judgment was delivered on 16 January 2017.
1. Wongs Investment Development Holdings Group Limited (“ the Company ”) was ordered to be wound up in 2013. The applicant (“ Consonancy ”) lodged a proof of debt about 2 years later, comprising the principal sum of RMB80 million and interest of RMB7.18 million. The bases for the proof were that by an agreement in 2012, a loan up to RMB80 million was extended to Xiancheng Group Co Ltd; and the Company guaranteed the debt. Consonancy has obtained an arbitral award under that agreement against
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