Read the full judgment text of HCCW 189/2020 on BabelCite. This High Court CFI judgment was delivered on 23 November 2020.
1. On 29 June 2020, Incomlend Pte Ltd (“Petitioner”) presented a petition to wind up Asia View Enterprises Limited (“Company”). The basis of the petition is that the Company is unable to pay its debts, which allegation is founded on the Company’s failure to respond to a statutory demand served on it on 4 May 2020 in respect of a debt of EUR2,093,000 which the Petitioner alleges is owing to it by reason of an assignment of the same by Phoenix Global DMCC (“Phoenix”), the vendor of certain cargo o
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