Read the full judgment text of HCCW 000175/2002 on BabelCite. This High Court CFI judgment was delivered on 22 March 2002.
1. This is an application for a validation order under S.182 of the Companies Ordinance. It is not disputed that the Company is solvent and profitable and that its bank accounts have been frozen because of the issue of this petition. As a result, its suppliers have not been paid for a period of time.