Read the full judgment text of HCCW 000441/2006 on BabelCite. This High Court CFI judgment was delivered on 24 April 2007.
1. This is a creditor’s petition to wind up Advanced Wireless Group Limited (“the Company’). The petition was presented by Somacis Korea Company Limited on 17 August 2006. It was founded on a debt of US$1,687,416.30 with interest, being the outstanding payments due on purchase orders placed by the Company with the petitioner. The petitioner sent a demand on 25 May 2006 for US$1,817,416.30. Only US$30,000.00 was settled. A demand under section 178 of the Companies Ordinance, Cap. 32 was then
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