Re Nam Hing Electric Wire & Cable Manufacturing Co. Ltd.
Read the full judgment text of HCCW 1353/2001 on BabelCite. This High Court CFI judgment was delivered on 11 March 2002.
1. This is an application for a company to be wound-up on the grounds that goods had been sold and delivered to this Company and the Petitioner had not been paid for those goods.
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HCCW001353/2001 HCCW 1353/2001 IN THE HIGH COURT OF THE HONG KONG SPECIAL ADMINISTRATIVE REGION COURT OF FIRST INSTANCE COMPANIES (WINDING-UP) NO. 1353 OF 2001 ____________
____________ Coram: Hon Yuen J in Court Date of Hearing: 11 March 2002 Date of Judgment: 11 March 2002 _______________ J U D G M E N T _______________ 1.This is an application for a company to be wound-up on the grounds that goods had been sold and delivered to this Company and the Petitioner had not been paid for those goods. 2.The amount of money that the Company is said to owe to the Petitioner is about $1.5 million. The statutory demand was served on 21 November 2001 and no payment was made thereafter. The petition was presented on 15 December 2001. No affidavit has been filed on behalf of the Company and no other creditors, whether supporting or opposing, have given intention of appearing today. 3.In the circumstances, as there is a presumption that the Company is unable to pay its debts, I will make the usual winding-up order.
Representation: Mr Kennis Tai, instructed by Baker & McKenzie, for the Petitioner Company, absent Mr J Glen from the Official Receiver's Office |