2 Apr 2020
RE CHINA SOLAR ENERGY HOLDINGS LTD (formerly named REXCAPITAL International Holdings Limited)
- Citation
- [2020] HKCFI 481
- Court
- Court of First Instance
- Case number
- HCCW108/2015
The Company failed to adduce sufficiently precise and believable evidence to establish a bona fide defence on substantial grounds to the petition debt; exercising the court's discretion and having regard to other creditors' interests and the prospects of restructuring, the court declined to make an immediate winding-up order and adjourned the petition to allow the provisional liquidators to continue restructuring.