22 Jul 2020
RECOVERY VEHICLE 1 PTE. LTD. v. TOTAL ALLIANCE INVESTMENTS LTD
- Citation
- [2020] HKCFI 1864
- Court
- Court of First Instance
- Case number
- HCCW185/2019
Petitioner proved a debt substantially exceeding the statutory minimum; the respondent failed to discharge its obligation under s373 to produce accounting records or otherwise demonstrate a bona fide defence on substantial grounds despite having had time to do so; accordingly the court must make the compulsory winding-up order and award indemnity costs to the petitioner.