27 Jul 2009
RE CHINA STEEL DEVELOPMENT CO LTD
- Citation
- RE CHINA STEEL DEVELOPMENT CO LTD
- Court
- Court of First Instance
- Case number
- HCCW142/2009
The court concluded the petitioners proved each company was unable to pay its debts as they fell due and that presentation of petitions and related defaults accelerated indebtedness; accordingly winding-up orders were made for each company and costs were to be paid out of the assets of the company concerned.