5 Oct 2022
RE TIAN SHAN DEVELOPMENT (HOLDING) LTD
- Citation
- [2022] HKCFI 3084
- Court
- Court of First Instance
- Case number
- HCCW484/2021
Because the debt was due and unpaid, the Company failed to file timely and substantive evidence to oppose the petition, the three core requirements for winding up an overseas company in Hong Kong were satisfied on the facts pleaded, and the company gave only vague unsupported evidence of asset sales, the court was compelled to make a winding-up order to allow liquidators to preserve, collect and realise assets for the benefit of creditors.