Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Company inability to pay
  • 4 Sept 2006

    SAMLANE DEVELOPMENT LTD

    Citation
    SAMLANE DEVELOPMENT LTD
    Court
    Court of First Instance
    Case number
    HCCW278/2006

    Petitioner proved the debt and service of demand; the company failed to establish a bona fide defence, did not specify the correct disputed amount, sought an adjournment without adequate justification and failed to appear; therefore the court exercised its discretion to wind up the company and ordered costs to be paid from the company's assets.