Read the full judgment text of HCCW 000856/1998 on BabelCite. This High Court CFI judgment was delivered on 6 May 1999.
1. The petition to wind up Hong Kong (Link) Bicycles Ltd. ("HKL") was presented on 13 November 1998 and first came on for hearing on 25 January 1999. Since then, there have been several adjournments. HKL applied for a further adjournment which was opposed by Credit Agricole Indosuez ("CAI"), one of the supporting creditors. Both the Petitioner, International Finance Company ("IFC") and the other supporting creditor, Bank of America Asia Ltd. ("BoA") adopt a neutral stance in that although they s