Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Deemed delivery
  • 15 Aug 2024

    RE HONG KONG EASY CHARGE LTD

    Citation
    [2024] HKCFI 2134
    Court
    Court of First Instance
    Case number
    HCCW174/2024

    The Company did not comply with the statutory demand and is therefore deemed insolvent under s.178(1)(a) CWUMPO; the Company failed to file admissible evidence in opposition because it did not comply with the conditional leave requirement to pay 50% of the debt into court; no bona fide dispute on substantial grounds was established on the material before the court; relief from the condition and leave to adduce out-of-time evidence was refused; accordingly the petitioner was entitled ex debito justitiae to a winding up order against the Company.