Read the full judgment text of HCCW 000100/2006 on BabelCite. This High Court CFI judgment was delivered on 20 September 2006.
1. The Petitioner seeks to winding-up the Company because of its inability to pay the judgment debt of RMB477,000 and RMB176,000 in HCCT80/2005, an action commenced by the Petitioner against the Company to enforce an arbitral award dated 5 September 2005 (“the Award”) made by the China International Economics and Trade Arbitration Commission (“CIETAC”). The Company applied for an order to stay or dismiss the petition on the ground that it has a cross claim against the Petitioner.