16 Feb 2026
RE CHRISTIAN ZHENG SHENG ASSOCIATION LTD
- Citation
- [2026] HKCFI 1048
- Court
- Court of First Instance
- Case number
- HCCW595/2025
The petition was not incurably bad at presentation because the pleadings and statutory demand invoked s178(1)(a) and established a prima facie case of insolvency; post-petition assignment and deed of assignment permitted continuation; Clause 11.5 on its natural and contextual reading required immediate repayment of all amounts made available; there was no bona fide substantial dispute on material change or frustration sufficient to defeat the petition; accordingly the court ordered winding up and costs.