Read the full judgment text of CACV 13/2012 on BabelCite. This Court of Appeal judgment was delivered on 31 October 2012.
1. This is an appeal against a winding-up order made by Harris J on the grounds of insolvency on 17 November 2011. The judge held that the company, Cardtel Europe Limited (“the Company”), has not demonstrated it has a bona fide dispute of the petitioning debt of £11,841,916.80 (approximately HK$142,148,305.08) on substantial grounds. There is no dispute about the applicable legal principles. The question raised by Mr Maurellet for the Company in this appeal is whether the judge’s analysis of the