23 Oct 1989
RE CASANOSTRA LTD
- Citation
- RE CASANOSTRA LTD
- Court
- Court of First Instance
- Case number
- HCCW153/1988
The court made a compulsory winding-up order because the statutory demand was not complied with, the company failed to show a bona fide dispute on substantial grounds, evidence (including default judgment against Italtrade and unpaid sums under a consent order) established the company was unable to pay its debts under the proper insolvency test, and the managing director validly executed the guarantee; the application for a stay of advertisement was refused as inappropriate.