Read the full judgment text of HCCW 237/2021 on BabelCite. This High Court CFI judgment was delivered on 24 March 2022.
1. This winding-up petition was presented by Modern (International) Scaffolding System Limited (“the Petitioner”) on 30 June 2021 to wind up Cheerise Asia Limited (“the Company”) pursuant to s. 177 (1) (d) of the Companies (Winding Up and Miscellaneous Provisions) Ordinance, Cap 32 (“the CWUO”) on the ground that the Company is unable to pay a debt of $2,937,362.31 (“the debt”). At the conclusion of the hearing a winding up order was made. My reasons appear below.
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