Read the full judgment text of CACV 118/1990 on BabelCite. This Court of Appeal judgment was delivered on 23 October 1990.
1. On the 11th June this year the appellant company Armour Insurance Company Limited ("the company") was the subject of a compulsory winding up order made by Jones J. on the petition of the Insurance Authority under section 177 of the Companies Ordinance (Cap. 32) and section 44 of the Insurance Companies Ordinance (Cap. 41). The petition was based on three grounds, namely (1) under section 177 of the Companies Ordinance and section 44 (1) (a) of the Insurance Companies Ordinance for failure of