27 Oct 1998
IN RE SINOAMERICAN TELECOM INC.
- Citation
- IN RE SINOAMERICAN TELECOM INC.
- Court
- Court of First Instance
- Case number
- HCCW329/1998
Because material facts were in dispute, including allegations that the petition was an abuse and that the provisional liquidators and lending arrangements created an ulterior purpose, the court exercised its discretion to refuse to make a winding-up order at this stage and ordered discovery and cross-examination; no urgency or irremediable prejudice to the petitioning creditor was shown to justify immediate winding-up.