Read the full judgment text of HCCW 000014/1999 on BabelCite. This High Court CFI judgment was delivered on 10 May 1999.
1. This is a petition to wind up Mezely Trading Ltd. ("the Company") based on an unpaid judgment debt of $16 million plus interest at 12% from 8 August 1996 amounting to approximately another $5 million. At the adjourned hearing on 6 May, the Company's application for further adjournment or stay was refused and a winding up order made. The reasons appear below.