27 Nov 2000
Re Wellead Construction and Engineering Co. Ltd.
- Citation
- Re Wellead Construction and Engineering Co. Ltd.
- Court
- Court of First Instance
- Case number
- HCCW730/2000
The court found the statutory demand validly served at the registered office shown on the Companies Registry and the second service of the petition valid; the company was insolvent with an outstanding judgment debt and speculative prospects of recovery from pending arbitration did not provide sufficient assurance of payment or enforcement in time; therefore the court refused further adjournment and granted the winding-up order with costs.