27 Apr 2005
RE FONDA OIL CO LTD
- Citation
- RE FONDA OIL CO LTD
- Court
- Court of First Instance
- Case number
- HCCW650/2004
The Companies failed to prove a bona fide dispute on substantial grounds because the alleged agreements were undocumented, lacked particularity and commercial sense, contained inconsistencies and changed material dates, and were therefore not credible; accordingly winding-up orders were justified as the petitioning debts were presently due and payable.