Read the full judgment text of HCCW 000418/1991 on BabelCite. This High Court CFI judgment.
1. This is a petition by Sealy Bedding and Furniture (Hong Kong) Limited (the petitioner) for a compulsory winding-up order against Landtrade Engineering and Development Limited (the company) on the grounds that it is insolvent and unable to pay its debts. The petition was presented on the 23rd December 1991 based upon a judgment obtained by consent on the 29th January 1991 for the sum of $808,469. A sum of $400,000 has been paid in part satisfaction of the debt leaving a balance due of $408,469
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