11 Sept 2023
RE WINTAC (HONG KONG) LTD
- Citation
- [2023] HKCFI 2323
- Court
- Court of First Instance
- Case number
- HCCW164/2023
The Company failed to comply with the statutory demand and did not discharge the burden of showing a bona fide dispute on substantial grounds or any valid ground to adjourn or stay the petition; there was no credible evidence that the Petitioner held security for the debt; accordingly the Company was deemed insolvent and a usual winding-up order was made.