29 Jul 2019
THE HONG KONG AND SHANGHAI BANKING CORPORATION v. SMI HOLDINGS GROUP LTD (FORMERLY KNOWN AS SMI CORPORATION LTD)
- Citation
- [2019] HKCFI 1948
- Court
- Court of First Instance
- Case number
- HCCW108/2019
The court held that the Bank had demonstrated sufficient connection to Hong Kong and locus to present the petition; the Company failed to prove a bona fide dispute on substantial grounds regarding countermand of the cheque and failed to show that the Bank was put on inquiry such that a Quincecare breach arose; accordingly the petition should succeed and a winding-up order would be made subject only to a short agreed adjournment.