12 Nov 2015
RE ASAHI IWASAWA & ASSOCIATES MANAGEMENT CONSULTANTS LTD
- Citation
- RE ASAHI IWASAWA & ASSOCIATES MANAGEMENT CONSULTANTS LTD
- Court
- Court of First Instance
- Case number
- HCCW122/2015
The Company failed to establish a bona fide defence on substantial grounds because the undisputed background (withdrawal from the Petitioner’s account, contemporaneous steps to effect a business transfer, emails and conduct) made the Company’s contrary account unbelievable; therefore the strike out summons was dismissed and the petition proceeds (winding‑up order to be made unless debt paid).