23 Aug 2000
RE KONG WAH HOLDINGS LTD.
- Citation
- RE KONG WAH HOLDINGS LTD.
- Court
- Court of First Instance
- Case number
- HCCW49/2000
Adjournment refused and winding-up orders made because creditors' support for the restructuring was speculative and not finalized, critical documents and alleged support were disclosed late undermining candour, adequate time had already been afforded, and debts were undisputed such that immediate winding up was appropriate; the proposed device to appoint provisional liquidators to avoid operation of s.194(1)(a) would be rejected.