Read the full judgment text of HCCW 000596/2003 on BabelCite. This High Court CFI judgment was delivered on 16 January 2004.
1. This is an application for a creditor's petition to wind up Kandara Ltd ("the Company") be struck out in the inherent jurisdiction of the court on the basis that there is a bona fide dispute of the petition debt on substantial grounds. The petition to wind up the Company was presented on 28 May 2003 by Kwan Kan Kai Kee Holdings Ltd ("the petitioner"), which is the holder of 71.42% of the issued shares of the Company, holding 10,000 out of 14,000 issued shares. The summons to strike out was is