Read the full judgment text of HCCW 000156/2001 on BabelCite. This High Court CFI judgment was delivered on 27 August 2001.
1. This is a petition for the winding up of the Company. In May 2000, a judgment had been obtained by the Petitioner against the Company in the sum of $6 million. Although a property which has been mortgaged to the Petitioner has been sold and the proceeds of sale have been set off against the judgment debt there is still a sizeable amount of the judgment outstanding which apparently is in the region of more than $4 million.