Read the full judgment text of CACV 512/2021 on BabelCite. This Court of Appeal judgment was delivered on 20 April 2023.
1. O n 19 December 2019, the petitioner, Li Ru (“Li”), presented a petition (“the Petition”) pursuant to the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap 32) (“the Ordinance”) to wind up Grand Peace Group Holdings Limited [1] (“the Company”) on the ground of insolvency due to the Company’s failure to satisfy a statutory demand [2] . The Petition was opposed by the Company (see Affirmation of Chow Wai Leong Eric filed on 21 January 2021 (“Chow’s 1 st ”)).
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