16 Feb 2011
RE XIANGLONG INTERNATIONAL LTD
- Citation
- RE XIANGLONG INTERNATIONAL LTD
- Court
- Court of First Instance
- Case number
- HCMP2261/2010
It is not necessary in every case for an assignor company to file evidence addressing solvency and prospects of winding up; an applicant seeking an extension under section 86 must file evidence explaining the circumstances of the failure to register and stating it has no reason to believe the assignor is likely to be put into liquidation. The court granted the 28-day extension on that basis.