Read the full judgment text of HCCW 000970/1999 on BabelCite. This High Court CFI judgment was delivered on 25 October 2000.
1. In these proceedings, the Petitioning Creditor petitions for a winding up order be made against the Respondent Company, Milan Ornament Manufactory Limited, ("the Company") on the ground that the Company is unable to pay its debt. The debt in question is in the sum of $65,407.99, being the outstanding balance of a judgment debt together with interest thereon and costs. It is not in dispute that the amount remains outstanding and unpaid. The ground on which the Petition is opposed is that the P