Read the full judgment text of HCCW 184/2020 on BabelCite. This High Court CFI judgment was delivered on 14 December 2020.
1. I have before me a petition issued on 23 June 2020 seeking an order for the winding-up of the Company on the grounds of insolvency. In order to prove insolvency, the Petitioner relied on a statutory demand served on 20 May 2020. The alleged debt arises from two purchase orders placed by the Petitioner with the Company, which have not been satisfied in full. The Petitioner seeks repayment of over US$140,000 representing the value of those goods ordered but not delivered.