24 Apr 2001
WONG TIN CHEE TINLY AND OTHERS v. WONG TO YICK AND ANOTHER
- Citation
- WONG TIN CHEE TINLY AND OTHERS v. WONG TO YICK AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCCW668/2000
On the assumed facts the Company was solvent, profitable and subject to a validation order; there was an available statutory alternative (s.168A buy-out) which would afford the Petitioners the relief they sought; there was no real prospect of a winding-up order and it was unreasonable to maintain a winding-up claim that would harm innocent shareholders and the Company; accordingly the winding-up claim was struck out.