21 Feb 2002
Re Hyundai Engineering & Construction Co. Ltd.
- Citation
- Re Hyundai Engineering & Construction Co. Ltd.
- Court
- Court of First Instance
- Case number
- HCCW1299/2001
The petition was struck out because the petitioner did not demonstrate an undisputed entitlement to the claimed debt; the court found there was a bona fide dispute on substantial grounds (including triable issues as to NLD's indebtedness, validity and effect of the assignment and the existence and terms of any compromise/variation), and therefore FWT lacked locus standi to present the winding‑up petition until it established the debt in ordinary proceedings.