Read the full judgment text of HCCW 84/2025 on BabelCite. This High Court CFI judgment was delivered on 19 November 2025.
1. On 19 November 2025 I heard the adjourned petition to wind up the Company. The Company does not dispute that the Petitioner has locus to present the petition or that it is insolvent. The Petition was adjourned on 25 August 2025 to allow the Company more time to formulate and introduce a scheme to restructure its unsecured debt. The Company has not taken steps to introduce a scheme. It is still in the process of negotiating an agreement with a potential investor to provide new working capital
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