13 Nov 2025
KANG JIANFANG v. METAVERSE YUNJI TECHNOLOGY GROUP COMPANY LTD (formerly known as Zioncom Holdings Ltd)
- Citation
- [2025] HKCFI 5556
- Court
- Court of First Instance
- Case number
- HCCW70/2024
The Amended Petition was dismissed because the Petitioner failed to prove the debt summarily: there was a complete absence of original contemporaneous documents, multiple unusual and unexplained features of the alleged transaction (advance payment before execution, large upfront interest payment, missing usual bond terms), and the Company provided believable denials and evidence giving rise to bona fide disputes on substantial grounds; therefore summary winding up was inappropriate and dismissal was ordered with indemnity costs to the Company.