3 Jan 2000
Re Grand Empire Holdings Ltd.
- Citation
- Re Grand Empire Holdings Ltd.
- Court
- Court of First Instance
- Case number
- HCCW883/1999
The court refused the further adjournment and made a winding up order because the company was insolvent and its restructuring proposal lacked demonstrable in‑principle support from the major creditors on whose credit facilities the proposal depended, rendering the proposal speculative and insufficient to justify delay.