Read the full judgment text of HCCW 000387/2000 on BabelCite. This High Court CFI judgment was delivered on 23 November 2000.
1. In these proceedings, the petitioner, Kenny Finance Company Ltd, petitions for a winding-up order be made against the respondent company, Widecorp Development Ltd ("the Company") on the ground that the Company is unable to pay its debt. The debt in question is in the sum of $4,378,206.82, being the outstanding balance of a judgment debt together with interest. The validity and the subsistence of the judgment debt are not in issue. What the Company disputes is the amount of the outstanding bal