Read the full judgment text of HCCW 214/2019 on BabelCite. This High Court CFI judgment was delivered on 23 September 2019.
1. I have before me a winding-up petition issued by Mr Sunil Tuli (“ Mr Tuli ”) against the Company. Mr Tuli relies, in order to prove insolvency, on an unsatisfied District Court judgment for US$119,739 plus interest and costs. The judgment was entered on 21 May 2019 and on the 11 June 2019, the Petitioner’s solicitors served a statutory demand on the Company. The Company has not opposed the Petition. However, a number of contributories have opposed a winding-up.