Read the full judgment text of CACV 451/2024 on BabelCite. This Court of Appeal judgment was delivered on 22 April 2025.
1. On 11 March 2025, we handed down our judgment dismissing the Company’s appeal. As a result, the winding-up petition against the Company was adjourned to the first Companies Court hearing for pronouncing a winding-up order. We ordered the Company to pay the costs of the appeal of Lyu (the petitioner), Gu and Chen (two supporting creditors). Orders for security for costs of the appeal had been made earlier in the sums of $350,000 each for Gu and Lyu and $380,000 for Chen.
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