10 Oct 2024
RE CHINA ZENITH CHEMICAL GROUP LTD (formerly known as XINYANG MAOJIAN GROUP LTD)
- Citation
- [2024] HKCFI 2769
- Court
- Court of First Instance
- Case number
- HCCW243/2023
The Company failed to discharge the burden of proving bona fide disputes on substantial grounds in respect of the debts claimed by Chen, Gu and Lyu; the Company’s construction, escrow and non‑payment defenses were rejected as legally unsound or factually unbelievable on the evidence, and the supporting creditors’ bond instruments and payment evidence were sufficient to justify listing the petition for a winding‑up hearing unless the debts are paid by the specified date.