5 Sept 2003
RE KEN FORWARD ENGINEERING LTD
- Citation
- RE KEN FORWARD ENGINEERING LTD
- Court
- Court of First Instance
- Case number
- HCCW803/2002
The arbitration award was due and unpaid; statutory demand and service were valid; formal defects alleged were immaterial; leave to appeal was denied at all levels; the company's asserted cross-claims were previously rejected in arbitration and were not bona fide to defeat the petition; supporting creditor had locus. Therefore the company is unable to pay its debts and a winding-up order must be made.