Read the full judgment text of HCCW 000223/2005 on BabelCite. This High Court CFI judgment was delivered on 24 March 2006.
1. This is a petition to wind up Nationwide Treasure (HK) Limited (“the Company”) on the ground it is unable to pay its debts. The petition was presented on 17 March 2005 by Lung Ka Cheung, who was a director of the Company. It is not clear from the evidence filed when he tendered his resignation as a director, but his resignation as a director of the holding company, Nationwide Treasure Holdings Limited (“NTHL”), was accepted with effect from 29 June 2004. The petition is opposed on the basi