7 Jul 1980
RE INTERASIAN TRADERS FINANCE LTD
- Citation
- RE INTERASIAN TRADERS FINANCE LTD
- Court
- Court of First Instance
- Case number
- HCCW56/1980
Documents before the court (Letter of Agreement dated 19 Dec 1978 and the personal guarantee) unequivocally established that the company acknowledged indebtedness as principal; the asserted grounds of dispute (agency/brokerage and a collateral undertaking) were not supported by the documents and did not extinguish the petitioner's right to proceed; therefore there were no substantial grounds to dispute the debt and a winding-up order was properly made.