2 Oct 2007
RE THE WORLD ENTERPRISES HOLDINGS LTD
- Citation
- RE THE WORLD ENTERPRISES HOLDINGS LTD
- Court
- Court of First Instance
- Case number
- HCCW294/2007
The petitioner, being an unpaid and undisputed judgment creditor with a valid demand under s178(1)(a), established that the Company was deemed unable to pay its debts; the proposed adjournment and security would not serve a useful purpose given the petitioner's refusal to accept the proposal, therefore a winding-up order was warranted.