9 May 2008
RE JACKIN TOTAL FULFILMENT SERVICES LTD
- Citation
- RE JACKIN TOTAL FULFILMENT SERVICES LTD
- Court
- Court of First Instance
- Case number
- HCCW628/2006
The petition by HBFP was dismissed because the alleged debt was bona fide disputed on substantial grounds such that the Company had shown a genuine dispute; although JSM as a supporting creditor had locus to present a petition based on contingent untaxed costs, the Company\u2019s insolvency was not demonstrated and the parent company\u2019s written undertaking to pay sums when properly assessed obviated the need for a winding-up order; accordingly no winding-up order was made and costs directions were given against the Petitioner.