strike out application dismissed as “hopeless and speculative” in the Insolvency and Companies Court – A Company -v- Visionary Future LLC & ors.
The Insolvency and Companies Court, in A Company -v- Visionary Future LLC & ors. (unreported), has dismissed an application by a company seeking to strike out, or alternatively restrain advertisement of, a winding-up petition brought by creditors. The judgment underlines the critical importance of providing proper and substantiated evidence in insolvency proceedings. Lewis Silkin acted…