Read the full judgment text of HCMP 307/2013 on BabelCite. This High Court CFI judgment was delivered on 30 June 2014.
1. On 18 December 2012 a petition was presented by Inspur (HK) Electronics Limited (“ Inspur ”) to wind up the Company on the grounds of insolvency. The Petitioner had obtained a judgment for US$1,730,092 on 18 February 2010 and had come to terms for payment of this sum and interest in February 2011. The settlement was not honoured and Inspur relied on the outstanding debt of US$1,781,465.22 to establish insolvency. As matters developed there was no dispute that the Company was massively insol
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