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HCCW 46/2006
IN THE HIGH COURT OF THE
HONG KONG SPECIAL ADMINISTRATIVE REGION
COURT OF FIRST INSTANCE
COMPANIES (WINDING-UP) NO. 46 OF 2006
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IN THE MATTER of Long To Cotton Yarn Company Limited (浪淘花紗有限公司) |
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and |
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IN THE MATTER of the Companies Ordinance, Cap. 32 of the Laws of Hong Kong Special Administrative Region |
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Before: Hon Kwan J in Court
Date of Hearing: 17 July 2006
Date of Judgment: 17 July 2006
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J U D G M E N T
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1. This is a petition presented by J.K.N. International Limited against Long To Cotton Yarn Company Limited (“the Company”). The petition is founded on a judgment debt in HCA No. 817 of 2005 obtained on 7 June 2005. The Company was ordered to pay the petitioner $1,807,850.00 with interest and fixed costs. A demand for the judgment debt was served on the Company on 30 November 2005, and this petition was presented on 26 January 2006.
2. When the petition first came before Deputy Judge Poon on 8 May 2006, the parties sought an adjournment for negotiation. After two adjournments, I am informed by counsel for the petitioner today that they have not reached any settlement, and the petitioner seeks a winding-up order.
3. I make an order to wind up the Company. The petitioner’s costs are to be paid out of the Company’s assets.
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(S Kwan)
Judge of the Court of First Instance
High Court |
Miss B Wong, instructed by Messrs Ivan Tang & Co., for the Petitioner
Company : Long To Cotton Yarn Company Limited, absent
Miss Vivian Yeung, for the Official Receiver
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