25 Apr 2000
Re Ngai Fung International Trading Co. Ltd.
- Citation
- Re Ngai Fung International Trading Co. Ltd.
- Court
- Court of First Instance
- Case number
- HCCW1121/1999
The court found the alleged oral extension not credible in light of contemporaneous correspondence and lack of written confirmation; the debt remained due and unpaid and the company could not make full repayment, therefore the petition for winding up succeeds under the Companies Ordinance.