9 Feb 2024
RE MAU YING PROPERTIES COMPANY LTD
- Citation
- [2024] HKCFI 492
- Court
- Court of First Instance
- Case number
- HCCW464/2023
The court made winding up orders because the Companies were deemed insolvent by non‑compliance with statutory demands based on an unsatisfied judgment debt, and the Companies failed to discharge the burden of demonstrating a bona fide dispute on substantial grounds or any other reason to refuse winding up: the alleged representations were unsupported and contradicted by contemporaneous documents, and allegations of negligent sale at undervalue were implausible and unsupported by evidence; therefore immediate winding up was appropriate.