Read the full judgment text of HCCW 219/2021 on BabelCite. This High Court CFI judgment was delivered on 1 April 2022.
1. There is before the Court a petition presented by the petitioner, ACTATRADE SA (“ P ”), on 10 June 2021 (“ Petition ”) seeking a winding up order against Hongkong Bai Yuan International Business Co., Limited (香港百源國際商務有限公司) (“ Company ”) on the ground that the Company is insolvent by reason of its failure to comply with a statutory demand (“ SD ”) in respect of a debt of EUR955,000 (“ Debt ”). In the SD the Debt was described as “[c]argo price due under the Contract Number: 2/202018” incurred
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