Read the full judgment text of HCCW 001342/2002 on BabelCite. This High Court CFI judgment was delivered on 10 July 2003.
1. This is a petition to wind up Advanced General Printing Inks Limited ("the Company") on two grounds, under s. 177(1)(d) of the Companies Ordinance, Cap. 32 that the Company is unable to pay its debts, and under s. 177(1)(f) that it is just and equitable to wind up the Company. The petition is presented by a contributory Sun Chemical Group B.V. ("SCG"), a company incorporated in the Netherlands, holding 50% of the shares in the Company and it is opposed by the other 50% shareholder, being Adva