29 Jan 2024
RE CHINA EVERGRANDE GROUP
- Citation
- [2024] HKCFI 363
- Court
- Court of First Instance
- Case number
- HCCW220/2022
The court made a winding up order because the Company was grossly insolvent, failed to produce a viable, fully formulated restructuring proposal with creditor support and legal/regulatory opinions despite repeated opportunities and directions, and there was no useful purpose in further adjournment; insolvency and conduct justified immediate winding up so independent liquidators can protect assets and consider restructuring.