10 May 2005
RE SINO TRADE ASIA LTD
- Citation
- RE SINO TRADE ASIA LTD
- Court
- Court of First Instance
- Case number
- HCCW827/2004
The court held that there was no bona fide dispute of the petitioning debt on substantial grounds because the written agreements were valid, precluded the alleged no-recourse oral representation, and preserved the Companies' liability even if notice of dishonour was not given; accordingly the Petitioner had locus standi and the Companies were unable to pay their debts, warranting winding-up orders.