Read the full judgment text of HCCW 000206/1988 on BabelCite. This High Court CFI judgment.
1. On the 6th December 1988, the Hong Tong & Shanghai Bank (the petitioner) presented a winding-up petition against X10 Limited (the company) on the grounds of its insolvency. The debt claimed in the petition is over HK$ 10, 000, 000. Receivers had been appointed over the assets of the company under a debenture created in favour of the Bank of Scotland shortly before the winding-up petition had been presented. The first heating of the petition before the master one the 11th January was adjourned