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HCCW000259/2002
HCCW 259/2002
IN THE HIGH COURT OF THE
HONG KONG SPECIAL ADMINISTRATIVE REGION
COURT OF FIRST INSTANCE
COMPANIES (WINDING-UP) NO. 259 OF 2002
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IN THE MATTER of Peakward Enterprises (HK) Limited |
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AND
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IN THE MATTER of the Companies Ordinance, Chapter 32 |
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Coram: Hon Kwan J in Court
Date of Hearing: 26 August 2002
Date of Judgment: 26 August 2002
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J U D G M E N T
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1. The petition herein was presented by Pan Ocean Shipping Co. Ltd based on two final arbitration awards dated 21 January 2002 and 23 January 2002 against the Company for US$68,379.59 and US$67,489.58 with interest and costs. Two statutory demands were served on 31 January 2002 by leaving the same at the registered office of the Company. The petition herein was filed on 7 March 2002.
2. When the matter first came before me on 29 July 2002, I adjourned the petition for four weeks as I had indication from the petitioner that it would like to explore the possibility of a settlement with the Company. I understand from Mr Wong who appears for the petitioner today that the negotiation has fallen through and he seeks a winding-up order.
3. In the circumstances, I make a winding-up order against the Company and I order that the costs of the petition be paid out of the Company's assets.
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(S. Kwan) |
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Judge of the Court of First Instance, |
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High Court |
Representation:
Mr Anson M K Wong, instructed by Messrs Clyde & Co., for the Petitioner
The Company: Peakward Enterprises (HK) Limited, absent
Miss S Chung, for the Official Receiver
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