RE HONG KONG AVIATION SUPPORT AND DEVELOPMENT ASSOCIATION LTD

HCCW 376/2025

[2025] HKCFI 5909

IN THE HIGH COURT OF THE

HONG KONG SPECIAL ADMINISTRATIVE REGION

COURT OF FIRST INSTANCE

COMPANIES WINDING-UP PROCEEDINGS NO 376 OF 2025

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J U D G M E N T

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1.  I have before me a petition to wind up the Company on the grounds of insolvency. The Company has previously asserted that it has a bona fide defence on substantial grounds to the debt claimed by the Petitioner.

2.  The Company has previously unsuccessfully sought to obtain an injunction to prevent the presentation of the petition. That application was determined by Deputy High Court Judge Kent Yee at a hearing on 12 March 2025. His decision is dated 19 June 2025.

3.  The Company appealed that decision. The appeal was heard on 21 October 2025 and the Court of Appeal’s reasons for judgment is dated 10 November 2025. The Court of Appeal dismissed the appeal as the Court of Appeal explains in [5] and [6] of its reasons[1].

4.  This rendered any dispute that might otherwise have required determination by me academic as the debtor could not re-argue the grounds on which it had unsuccessfully sought to restrain the presentation for the winding up petition.

5.  I have, therefore, made a winding up order and summarily assessed the Petitioner’s costs of the proceedings at HK$190,000 which will be paid out of the assets of the Company.