RELIANCE CREDIT LIMITED(formerly known as ASSET BRIDGE DEVELOPMENT LIMITED) v CARNIVAL GROUP INTERNATIONL HOLDINGS LIMITED

Read the full judgment text of HCCW 66/2021 on BabelCite. This High Court CFI judgment was delivered on 19 July 2021.

1. The present petition was issued on 10 February 2021 seeking the winding up of the Company on the grounds of insolvency. At the time it was issued, there was already an existing petition against the Company. For the reasons explained in my decision in Re Grand Peace Group Holdings Limited [1] , the present petition should not have been issued.