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Its Hong Kong business was filed for winding-up in 2020, with Hui Lau Shan citing declined customers attributed to the 2019–20 Hong Kong protests. [4] A settlement was subsequently reached whereby the winding-up petition was withdrawn in July 2020.
As Malins V.-C. said in Cadiz Waterworks Co. v. Barnett, (1874) L.R. 19 Eq. 182, 196 if the court “sees a petition to wind up presented, not for a bona fide purpose of winding up the company, but for some collateral and sinister object, on that ground it will be dismissed with costs.” There the purpose of winding up the company is treated ...
Hong Kong's High Court approved on Monday an application by China Evergrande Group and its major offshore credit group to adjourn a winding-up petition against it to Nov. 7. An investor in ...
An oppression remedy, intended to operate as an alternative to winding up a company, was adopted as s. 210 of the Companies Act 1948, [8] which declared: . 210. (1) Any member of a company who complains that the affairs of the company are being conducted in a manner oppressive to some part of the members (including himself) or, in a case falling within [s. 169(3)], the Board of Trade, may make ...
A Hong Kong court on Monday adjourned a winding up hearing for property developer China Evergrande Group’s until Dec. 4. Evergrande has been in crisis since it defaulted on its debt obligations ...
Having wound-up the company's affairs, the liquidator must call a final meeting of the members (if it is a members' voluntary winding-up), creditors (if it is a compulsory winding-up) or both (if it is a creditors' voluntary winding-up). The liquidator is then usually required to send final accounts to the Registrar and to notify the court.
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As of November 2011, a winding up petition of seven creditors was pending before the Bangalore High Court. [48] In the past Lufthansa Technik & Bharat Petroleum Corporation Limited (BPCL) had also filed winding up petition against Kingfisher Airlines [49] On 1 January 2013, the airline's flying permit lapsed after it missed the deadline for ...