Read the full judgment text of HCCW 000736/2002 on BabelCite. This High Court CFI judgment was delivered on 27 March 2003.
1. This petition to wind up BTH Company Limited, formerly known as Bel Trade (Holdings) Company Limited ("the Company"), is presented by Burr Oak Tool and Gauge Company, Inc. of Michigan, U.S.A. ("the petitioner"), on the ground that the Company is unable to pay its debts. The debt in the petition arose out of a deed of guarantee dated 12 January 2001 ("the Guarantee") executed by the Company in favour of the petitioner in respect of the liability of Bel Trade (China) Company Limited ("Bel Trade