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1. King's Dyeing & Weaving Factory Limited (King's) was wound up compulsorily by the court on the 26th August 1986 on the grounds that it was insolvent and unable to pay its debts. The Official Receiver who had been appointed to be the provisional liquidator of the company on the 25th July was confirmed in this appointment whilst Mr E. Johnstone and Mr N. P. Etches, partners in the firm of Chartered Accountants, Peat Marwick Mitchell & Co. who had been appointed to be Special Managers on the 30t