3 Jan 2002
PERIWIN DEVELOPMENT LTD. v. GRANDFIELD PACIFIC HOTEL LTD.
- Citation
- PERIWIN DEVELOPMENT LTD. v. GRANDFIELD PACIFIC HOTEL LTD.
- Court
- Court of First Instance
- Case number
- HCCW29/2001
The Company failed to adduce sufficiently precise, contemporaneous and credible evidence to establish a bona fide dispute on substantial grounds or a genuine cross claim equal to or exceeding the petition debt; allegations of a standstill agreement were disbelieved; therefore the petitioner was entitled to the contractual rent (HK$53,000,000) and a winding-up order was made.