25 May 2009
RE DESCARTES INVESTMENT MANAGEMENT LTD
- Citation
- RE DESCARTES INVESTMENT MANAGEMENT LTD
- Court
- Court of First Instance
- Case number
- HCCW73/2009
Given the statutory demand, lack of payment, absence of opposing evidence by the Company, supporting evidence of regulatory contraventions and asset dissipation furnished by the SFC and administrators, the court was satisfied the Company was insolvent under s327 and that it was in the public interest to wind up the Company; continuity justified appointing existing administrators as provisional liquidators and ordering costs to be paid from the Company's assets.