Read the full judgment text of HCCW 000322/1983 on BabelCite. This High Court CFI judgment.
1. A petition was Presented by The Philidor Press Limited (the Petitioner) on the 13th December 1983 to wind up Scisys-W Limited (the Respondent) on the grounds that the company is insolvent and unable to pay its debts, and that it is just and equitable to do so. The petitioner is a foreign company carrying on business in London whilst the respondent is a Hong Kong company. The petition is based upon a failure to comply with a statutory demand under Section 178(a) of the Companies Ordinance Cap.