15 Jan 2001
RE GOOD FORTUNE AGENCY LTD.
- Citation
- RE GOOD FORTUNE AGENCY LTD.
- Court
- Court of First Instance
- Case number
- HCCW944/2000
The company failed to rebut the presumption of insolvency: the director affirmation was unconvincing and possibly defective, the balance sheet showed substantial accrued losses and inadequate liquid assets, and the proposed loan was contingent on unproven third-party security; accordingly the court exercised its discretion to make the usual winding-up order.