Read the full judgment text of HCCW 000049/2000 on BabelCite. This High Court CFI judgment was delivered on 23 August 2000.
1. On 13 January 2000, the petitioning creditors who are a syndicate of three banks (Den Danske Bank Aktieselskab, Bank of Scotland and Emirates Bank International) presented petitions to wind-up Kong Wah Holdings Limited ("Kong Wah") and Akai Holdings Limited ("AHL") (collectively "the Companies"). The petitions were supported by Barclays Bank PLC, Singer Company N.V. and The Standard Chartered Bank, and in the case of AHL, also by Graeme Limited and opposed by the Companies and the proposed in
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