5 Nov 2025
PRIMETALS TECHNOLOGIES, LTD v. GREAT DYNASTY HK CO., LTD
- Citation
- [2025] HKCFI 5269
- Court
- Court of First Instance
- Case number
- HCCW361/2025
The Company failed to show a precise, credible timetable or realistic means by which the claimed restructuring recoveries (largely equity/trust interests with no realisation timeline) could be realised within a reasonable time and did not rebut the statutory presumption of insolvency arising from non‑compliance with the statutory demand; the statutory demand was not defective; therefore the creditor was entitled to a winding up order and the requested adjournment was refused.