Read the full judgment text of HCCW 000357/2001 on BabelCite. This High Court CFI judgment was delivered on 9 July 2001.
1. This is a petition based on a judgment debt of $1 million; apparently part of that had been repaid in October 2000, but the balance remaining is still $0.5 million. The Company has said in its affidavit that its total liabilities amount to about $11.8 million of which there are some bank creditors and the rest are persons or companies related to those controlling the Company.