25 Jun 2021
RE H12 (HK) LTD
- Citation
- [2021] HKCFI 1836
- Court
- Court of First Instance
- Case number
- HCCW92/2020
Petitioner proved the Salary Claim with supporting documents and the Company failed to show a bona fide dispute on substantial grounds in respect of that claim; therefore Petitioner is a creditor entitled to present the petition. The Company admitted insolvency by its own pleaded position and facts; no reason existed to allow the Company to continue as a going concern. A winding-up order was appropriate and made, with costs to be taxed and paid out of the Company's assets.