20 Oct 2006
RE DIYON DEVELOPMENT LTD
- Citation
- RE DIYON DEVELOPMENT LTD
- Court
- Court of First Instance
- Case number
- HCCW178/2006
The court was satisfied on balance sheet evidence, undertakings, and recent loan facilities that the Company is solvent and that the petitioning creditor's and supporting creditors' claims were paid or adequately provided for; the Official Receiver reported no need for investigation and the late, small-value claims did not undermine the accounts; accordingly the court exercised its jurisdiction to rescind the unsealed winding-up order and dismissed the petition.