Re Peakward Enterprises (HK) Ltd.
Read the full judgment text of HCCW 259/2002 on BabelCite. This High Court CFI judgment was delivered on 26 August 2002.
1. The petition herein was presented by Pan Ocean Shipping Co. Ltd based on two final arbitration awards dated 21 January 2002 and 23 January 2002 against the Company for US$68,379.59 and US$67,489.58 with interest and costs. Two statutory demands were served on 31 January 2002 by leaving the same at the registered office of the Company. The petition herein was filed on 7 March 2002.
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HCCW000259/2002 HCCW 259/2002 IN THE HIGH COURT OF THE HONG KONG SPECIAL ADMINISTRATIVE REGION COURT OF FIRST INSTANCE COMPANIES (WINDING-UP) NO. 259 OF 2002 ____________
____________ Coram: Hon Kwan J in Court Date of Hearing: 26 August 2002 Date of Judgment: 26 August 2002 _______________ J U D G M E N T _______________ 1.The petition herein was presented by Pan Ocean Shipping Co. Ltd based on two final arbitration awards dated 21 January 2002 and 23 January 2002 against the Company for US$68,379.59 and US$67,489.58 with interest and costs. Two statutory demands were served on 31 January 2002 by leaving the same at the registered office of the Company. The petition herein was filed on 7 March 2002. 2.When the matter first came before me on 29 July 2002, I adjourned the petition for four weeks as I had indication from the petitioner that it would like to explore the possibility of a settlement with the Company. I understand from Mr Wong who appears for the petitioner today that the negotiation has fallen through and he seeks a winding-up order. 3.In the circumstances, I make a winding-up order against the Company and I order that the costs of the petition be paid out of the Company's assets.
Representation: Mr Anson M K Wong, instructed by Messrs Clyde & Co., for the Petitioner The Company: Peakward Enterprises (HK) Limited, absent Miss S Chung, for the Official Receiver |