13 May 1996
RE ICS COMPUTER DISTRIBUTION LTD
- Citation
- RE ICS COMPUTER DISTRIBUTION LTD
- Court
- Court of First Instance
- Case number
- HCCW615/1995
The Company failed to establish on the evidence a bona fide dispute on substantial grounds in respect of its principal cross-claims (delay, parallel imports, unmarketable stock); the documentary record contradicted the newly asserted contractual terms and the Company is insolvent; accordingly the winding-up petition succeeds and the Company must be wound up.