Re Long To Cotton Yarn Co Ltd
Read the full judgment text of HCCW 46/2006 on BabelCite. This High Court CFI judgment was delivered on 17 July 2006.
1. This is a petition presented by J.K.N. International Limited against Long To Cotton Yarn Company Limited (“the Company”). The petition is founded on a judgment debt in HCA No. 817 of 2005 obtained on 7 June 2005. The Company was ordered to pay the petitioner $1,807,850.00 with interest and fixed costs. A demand for the judgment debt was served on the Company on 30 November 2005, and this petition was presented on 26 January 2006.
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HCCW 46/2006 IN THE HIGH COURT OF THE HONG KONG SPECIAL ADMINISTRATIVE REGION COURT OF FIRST INSTANCE COMPANIES (WINDING-UP) NO. 46 OF 2006 ____________
____________ Before: Hon Kwan J in Court Date of Hearing: 17 July 2006 Date of Judgment: 17 July 2006 _______________ J U D G M E N T _______________ 1.This is a petition presented by J.K.N. International Limited against Long To Cotton Yarn Company Limited (“the Company”). The petition is founded on a judgment debt in HCA No. 817 of 2005 obtained on 7 June 2005. The Company was ordered to pay the petitioner $1,807,850.00 with interest and fixed costs. A demand for the judgment debt was served on the Company on 30 November 2005, and this petition was presented on 26 January 2006. 2.When the petition first came before Deputy Judge Poon on 8 May 2006, the parties sought an adjournment for negotiation. After two adjournments, I am informed by counsel for the petitioner today that they have not reached any settlement, and the petitioner seeks a winding-up order. 3.I make an order to wind up the Company. The petitioner’s costs are to be paid out of the Company’s assets.
Miss B Wong, instructed by Messrs Ivan Tang & Co., for the Petitioner Company : Long To Cotton Yarn Company Limited, absent Miss Vivian Yeung, for the Official Receiver |