Read the full judgment text of HCCW 10/2018 on BabelCite. This High Court CFI judgment was delivered on 6 March 2019.
1. I have before me a winding-up petition dated 10 January 2018. The petitioner seeks a winding-up order on the grounds of insolvency. The petitioner asserts that it is owed USD613,246.90 in the petition, being the outstanding balance of the purchase price of various goods, it says, were sold by it to the Company. The precise details of how that sum is made up do not matter. The petitioner explains in its evidence that the debt is proved by a settlement agreement signed between the petitioner an