20 Feb 2025
RE TIANJI HOLDING LTD
- Citation
- [2025] HKCFI 765
- Court
- Court of First Instance
- Case number
- HCCW637/2024
The statutory demand complied with the rules and provided adequate particulars; Tianji cannot establish a bona fide dispute on substantial grounds because it had expressly admitted the intercompany indebtedness in the ES and supporting financial statements on which creditors and the court relied; the adduced expert PRC opinion was irrelevant and filed without leave and was expunged; accordingly Tianji is insolvent and a winding-up order was properly made and costs reserved with directions to join Chen for the purposes of costs.