||All England Reporter
|| All ER (D) 02 (Mar)
Kevin Garnett QC sitting as a judge of the High Court
||Edward Davies (instructed by Connollys, Chelmsford) for the petitioner.
||Ben Quiney (instructed by Irena Spence & Co, Cambridge) for the defendant.
||1 March 2002
Company - Compulsory winding up - Petition by creditor - Petitioner presenting petition for non payment of debt under contract - Defendant company claiming petitioner not acting in accordance with contract - Whether company able to pay debts - s 123.
The petitioner's application to have the defendant company wound up was allowed as the court was satisfied that the company was unable to pay its debts which had accrued as a result of the contract with the petitioner.
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