Read the full judgment text of HCCW 000027/1984 on BabelCite. This High Court CFI judgment was delivered on 3 April 1984.
1. This is a creditors winding-up petition presented by Yamakawa (H.K.) Limited (the petitioner) against Kailey Development Company Limited (the company) on the grounds that the company is insolvent and unable to pay its debts and that it is just and equitable that an order be made. The application is based upon a statutory demand made on the 16th December 1983 under Section 178(a) of the Companies Ordinance for payment of the sum of $67,708.20. This arose when a cheque dated the 13th December 1