1 Apr 2022
RE HONGKONG BAI YUAN INTERNATIONAL BUSINESS CO., LTD
- Citation
- [2022] HKCFI 960
- Court
- Court of First Instance
- Case number
- HCCW219/2021
The court held there was no bona fide dispute on substantial grounds as to the EUR955,000 Debt: the payment condition was met on 15 January 2021, no contractual right to withhold payment was identified, the discoloration insurance settlement and alleged cross-claims did not establish a defence to the Debt, and therefore the statutory demand was valid; Company was ordered to pay within 14 days or petitioner may restore the petition leading to a usual winding order.