19 Nov 2018
RE BLOCKCHAIN GROUP CO LTD
- Citation
- [2018] HKCFI 2590
- Court
- Court of First Instance
- Case number
- HCCW118/2018
The court granted the winding-up order because the Company had habitually failed to pay its debts and failed to meet settlement obligations; creditors' protection and risk of dissipation of assets outweighed the Company's unsubstantiated plan to trade out of difficulty; technical deficiencies (absence of explicit s.327 reference and timing of statutory demand) were non-fatal and remedied by an undertaking to amend the petition.