18 Mar 1998
In re FINBO ENGINEERING CO. LTD.
- Citation
- In re FINBO ENGINEERING CO. LTD.
- Court
- Court of First Instance
- Case number
- HCCW496/1997
Finbo established arguable defences of both legal and equitable set-off that rendered the petition debt substantially and bona fide disputed and, on the exercise of the court's discretion given the substantial pending cross-claims and factual matters bearing on causation and delay, it was not appropriate to make a winding-up order; the petition is therefore dismissed nisi and costs to follow the event.