8 Apr 2025
RE TRILLION GLORY LTD
- Citation
- [2025] HKCFI 1456
- Court
- Court of First Instance
- Case number
- HCCW399/2024
The petitions were dismissed because the Petitioner is a secured creditor whose security effectively encumbers all meaningful assets of Noble and Trillion (and thus R&F), leaving no free assets for unsecured creditors; the Petitioner therefore has no real interest in a winding‑up order and there is no utility in making such an order; furthermore, the allegations relied upon were unpleaded and any alleged causes of action are chargeable to the Security Agent or are the preserve of a liquidator and do not establish exceptional circumstances.