12 Aug 2024
RE CHINA ZENITH CHEMICAL GROUP LTD (formerly known as XINYANG MAOJIAN GROUP LTD)
- Citation
- [2024] HKCFI 2097
- Court
- Court of First Instance
- Case number
- HCCW243/2023
The court held that the Company failed to show any bona fide dispute on substantial grounds as to the Judgment Debt and the Supporting Creditors' bond claims; a fully contested judgment will not be re‑opened absent fraud, collusion or miscarriage of justice; the Company was deemed insolvent under s.178(1)(a) CWUMPO; the Undertaking was discharged but the petition was listed for final hearing to pronounce winding‑up unless payment/evidence of payment is produced by specified date; directors were joined for costs purposes and ordered to show cause to bear specified costs.