Read the full judgment text of HCCW 000553/1997 on BabelCite. This High Court CFI judgment was delivered on 5 January 1998.
1. The Petitioner which is a bank obtained judgment against the Company on 1 August 1997 in the sum of over HK$6 million together with interest. A statutory demand was served on the Company on 12 September 1997 which remains unpaid. The Petition is based on the statutory demand and asserts that the Company is insolvent and unable to pay its debts.