27 Jul 2009
RE AA INVESTMENTS CO LTD
- Citation
- RE AA INVESTMENTS CO LTD
- Court
- Court of First Instance
- Case number
- HCCW141/2009
The court made winding-up orders because the petitioners proved the companies were unable to pay their debts as they fell due — supported by unaudited balance sheets, demands and admissions; presentation of petitions triggered contractual defaults accelerating liabilities, and no bona fide dispute was shown — therefore winding-up was appropriate and costs were to be borne from company assets.