19 Oct 1999
RE KARSUN INTERNATIONAL (HOLDINGS) LTD.
- Citation
- RE KARSUN INTERNATIONAL (HOLDINGS) LTD.
- Court
- Court of First Instance
- Case number
- HCCW627/1999
The court made a winding up order because the Company failed to produce a viable, funded proposal to discharge its debts, payments promised were not made, the security could only cover part of the debt leaving an unsecured balance, and the opposition to the petition was not based on any substantial ground, making further adjournments futile.