4 Nov 1999
RE LOK TIN (HOLDINGS) LTD.
- Citation
- RE LOK TIN (HOLDINGS) LTD.
- Court
- Court of First Instance
- Case number
- HCCW90/1999
The court held that the petitioner's statutory entitlement to a winding up order prevailed because the respondents failed to establish exceptional circumstances: the evidence about recoverable assets was unreliable, the directors lacked credibility, and the proposed undertakings and instalment plan did not provide sufficient protection to the petitioner; accordingly a winding up order was made.