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\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid10364096 IN THE HIGH COURT OF FIJI
\par AT SUVA
\par CIVIL JURISDICTION
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid10364096 {\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid10364096 {\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 WINDING}{\lang2057\langfe1033\langnp2057\insrsid14563139\charrsid14563139 -}{
\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 UP ACTION NO. 45 OF 2000
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid10364096 {\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid10364096 {\b\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid10364096 IN THE MATTER OF FEEDERS RABI FISHING COMPANY LIMITED
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid10364096 {\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid10364096 {\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 And}{\lang2057\langfe1033\langnp2057\insrsid14563139\charrsid14563139 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid10364096 {\lang2057\langfe1033\langnp2057\insrsid14563139\charrsid14563139 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid10364096 {\b\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid10364096 IN THE MATTER OF THE COMPANIES ACT}{\b\lang2057\langfe1033\langnp2057\insrsid14563139\charrsid10364096 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid14563139 {\lang2057\langfe1033\langnp2057\insrsid14563139\charrsid14563139 
\par }{\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 Mr. T. Seeto for Petitioner
\par Mr. A. Tikaram for Company}{\lang2057\langfe1033\langnp2057\insrsid14563139\charrsid14563139 
\par 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid14563139 {\b\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 JUDGMENT
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid14563139 {\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 
\par This is an opposed winding up petition.
\par 
\par The }{\b\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 Petitioner}{\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139  }{\b\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 NBF Asset Management Bank}{
\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139  alleges that the sum of $198,532.76 is owed to it by the }{\b\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 Company,}{
\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139  }{\b\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 Feeders Rabi Fishing Company Limited}{\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 
 as at 15 February 2000 with interest accruing at 15.5% per annum for various loan facilities advanced to the Company which remains unpaid.}{\lang2057\langfe1033\langnp2057\insrsid14563139  }{
\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 A Statutory Notice dated 17 February 2000 was served on the Company under Section 221 of the Companies Act Cap.}{\lang2057\langfe1033\langnp2057\insrsid10364096  }{
\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 247.
\par 
\par The Company opposed the Petition and despite an order to file an affidavit it was not filed until 28 November 2000.}{\lang2057\langfe1033\langnp2057\insrsid14563139  }{\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 
An affidavit in Reply was not filed by the Petitioner until 9 May 2001.}{\lang2057\langfe1033\langnp2057\insrsid14563139  }{\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 The Company}{
\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 
s Affidavit in Reply was not filed until 31 July 2001.}{\lang2057\langfe1033\langnp2057\insrsid14563139  }{\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 The Acting Deputy Registrar had been making these Orders for affidavits it be filed.
}{\lang2057\langfe1033\langnp2057\insrsid14563139  }{\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 He allowed further affidavit in Reply by the Petitioner to be filed on 10 September 2001.}{
\lang2057\langfe1033\langnp2057\insrsid14563139  }{\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 The last of the submissions as ordered was not filed until 25 February 2002.
\par 
\par }{\b\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 Issue}{\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 
\par 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid10364096 {\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 I have before me for my consideration the abovementioned affidavits from 
both parties and also comprehensive written submissions from counsel.
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid14563139 {\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid10364096 {\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 The issue for the Court}{\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 {\field{\*\fldinst SYMBOL
 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 s determination is whether the debtor has a bona fide dispute to entitle the petitioner to obtain a winding up order.
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid14563139 {\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 
\par }{\b\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 Company}{\b\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{
\b\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 s contention}{\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 
\par 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid10364096 {\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 The grounds on which the petition is opposed are set out in considerable detail in the Company}{
\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 
s affidavit in opposition sworn by John Teawea as the Manager by}{\lang2057\langfe1033\langnp2057\insrsid14563139  }{\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 Feeders}{\lang2057\langfe1033\langnp2057\insrsid14563139 -}{
\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 Rabi Fishing Company Limited and I do not wish to reiterate them here.
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid14563139 {\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid10364096 {\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 However, on the issue, the deponent 
says that the records kept by the Company does not show an outstanding amount such as the one claimed by the Petition.}{\lang2057\langfe1033\langnp2057\insrsid14563139  }{\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 
The records show he says that the then Managing Director of the Company had unilaterally and without proper resolutions from the sharehol
ding Council, obtained further long term loan with the help of his friend, Mr. Makarava who was then the General Manager of the Petitioning creditor.}{\lang2057\langfe1033\langnp2057\insrsid14563139  }{
\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 With some difficulty the Company managed to obtain some statements of accounts from the Petitioner.}{\lang2057\langfe1033\langnp2057\insrsid14563139  }{
\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 There have been large withdrawals in 1994 from the Company when there was very little income.}{\lang2057\langfe1033\langnp2057\insrsid14563139  }{
\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 From 31 January 1995 onwards, all debits are for interest.}{\lang2057\langfe1033\langnp2057\insrsid14563139  }{\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 
The Company is still waiting for full particulars of account and copies of securities which it appears the Petitioner does not have.
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid14563139 {\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid10364096 {\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 
The company says that because of the unavailability of the securities and because the debt is disputed the Petitioner ought to proceed by way of Writ of Summons instead of winding}{\lang2057\langfe1033\langnp2057\insrsid14563139 -}{
\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 up.
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid14563139 {\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 
\par }{\b\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 Petitioner}{\b\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{
\b\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 s contention}{\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 
\par 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid10364096 {\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 By his affidavit in Reply to the Company}{\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 
{\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 
s claim, Mr. Laisenia Takala, Senior Manager said that the Company is responsible for the regulation of its internal management and cannot hold the Petitioner responsible for the same .}{\lang2057\langfe1033\langnp2057\insrsid14563139  }{
\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 He admits that the Petitioner does not have the security sought and the Company has been informed accordingly.}{\lang2057\langfe1033\langnp2057\insrsid14563139  }{
\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 It appears that the security was not executed but the Company proceeded to utilise funds from the Petitioner and is thus liable for the amount advanced.}{
\lang2057\langfe1033\langnp2057\insrsid14563139  }{\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 He says that }{\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 {\field{\*\fldinst SYMBOL 62 \\f "WP TypographicSymbols"
 \\s 12}{\fldrslt\f169\fs24}}}{\i\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 there is no purpose in proceeding by way of Writ because there is nothing to Discover}{\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 
{\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 .}{\i\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid14563139 {\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid10364096 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid10364096 {\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 The Petitioner says that there is no genuine dispute as such because the grounds advanced by the Company lack merit.}{
\lang2057\langfe1033\langnp2057\insrsid14563139  }{\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 It states that the company is attempting to lay the blame for the huge debt it
 has incurred at the door of the bank simply because of mismanagement by its own officers which it freely admits.
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid14563139 {\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 
\par }{\b\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 Consideration of the issue}{\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 
\par 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid10364096 {\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 I have given careful consideration to the useful written submissions filed by counsel.
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid14563139 {\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 
\par The amount claimed is substantial and it appears that most of it is for interest on the principal sum.}{\lang2057\langfe1033\langnp2057\insrsid14563139  }{\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 
On the affidavit evidence before me, I consider that the Company has reason to be dissatisfied with the manner in which its account has been administered by the Petitioner for on
e thing, particulars of accounts have not been furnished despite requests for same and for some unknown reason copies of security documents have not been made available to show the circumstances and the manner in which the alleged advancements were made t
o it.}{\lang2057\langfe1033\langnp2057\insrsid14563139  }{\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 
It is also a matter of comment as to why the accounts were left open for so long if the Company was showing signs of going downhill and no appropriate action was taken in good time rather than the alleged debt being allowed to escalate.
\par 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid10364096 {\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 The state of 
affairs pertaining to accounts are far from clear and this can only be resolved through an action commenced by a writ of summons and not through a winding}{\lang2057\langfe1033\langnp2057\insrsid14563139 -}{
\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 up petition particularly when the alleged debt is vigorously opposed on substantial grounds.
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid14563139 {\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid10364096 {\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 I therefore find that the alleged debt is disputed by the Company on substantial grounds.}{
\lang2057\langfe1033\langnp2057\insrsid14563139  }{\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 In considering the issue before me I had borne in mind the principles as stated below in }{
\b\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 Palmer}{\b\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{
\b\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 s Company Law}{\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139  Vol.}{\lang2057\langfe1033\langnp2057\insrsid10364096  }{
\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 3 15.214.
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid14563139 {\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 
\par }\pard \ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid14563139 {\b\i\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 {\field{\*\fldinst SYMBOL 65 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{
\b\i\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 To fall within the general principle the dispute must be bona fide in both a subjective and an objective sense.}{\b\i\lang2057\langfe1033\langnp2057\insrsid14563139  }{
\b\i\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 Thus the reason for not paying the debt must be honestly believed to exist and must be based on substantial or reasonable grounds.}{\b\i\lang2057\langfe1033\langnp2057\insrsid14563139  }{
\b\i\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 {\field{\*\fldinst SYMBOL 65 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{\b\i\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 Substantial}{
\b\i\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 {\field{\*\fldinst SYMBOL 64 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{\b\i\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 
 means having substance and not frivolous, which disputes the court should ignore.}{\b\i\lang2057\langfe1033\langnp2057\insrsid14563139  }{\b\i\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 
There must be so much doubt and question about the liability to pay the debt that the court sees that there is a question to be decided.}{\b\i\lang2057\langfe1033\langnp2057\insrsid14563139  }{
\b\i\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 The onus is on the company }{\b\i\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 {\field{\*\fldinst SYMBOL 65 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{
\b\i\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 to bring forward a prima facie case which satisfies the court that there is something which ought to be tried either before the court}{\b\i\lang2057\langfe1033\langnp2057\insrsid14563139 
 }{\b\i\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 itself or in an action, or by some other proceedings}{\b\i\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 {\field{\*\fldinst SYMBOL 64 \\f "WP TypographicSymbols"
 \\s 12}{\fldrslt\f169\fs24}}}{\b\i\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 .}{\b\i\lang2057\langfe1033\langnp2057\insrsid14563139  
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid14563139 {\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid10364096 {\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 The grant or refusal of a winding up order is discretionary as stated in }{
\b\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 Bateman Television Limited (In Liquidation) and Another v Coleridge Finance Company Limited }{\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 
1971 NZLR p.929 Judicial Committee, where it was held:
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid14563139 {\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid10364096 
\par }\pard \ql \fi-720\li1440\ri0\nowidctlpar\faauto\rin0\lin1440\itap0\pararsid14563139 {\b\i\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 {\field{\*\fldinst SYMBOL 65 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{
\b\i\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 3.\tab The general rule is that an order for winding up will not be made on disputed debt but a }{\b\i\ul\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 
Judge has discretion to make a winding up order on disputed debts}{\b\i\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 
 which is not reviewable unless exercised on a wrong principle or the Judge included or omitted consideration of a relevant fact or was wholly wrong}{\b\i\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 {\field{\*\fldinst SYMBOL 64 \\f 
"WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{\b\i\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 .}{\lang2057\langfe1033\langnp2057\insrsid14563139  }{\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 
(emphasis added)}{\lang2057\langfe1033\langnp2057\insrsid14563139 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid10364096 {\lang2057\langfe1033\langnp2057\insrsid14563139 
\par }{\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 Similar statement was made in }{\b\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 Offshore Oil N.L. and Investment Corporation of Fiji Limited }{
\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 (Civil App. 29/84 F.C.A. at p.15 where }{\b\i\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 Barker J.A.}{\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 
 said:
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid14563139 {\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid10364096 
\par }\pard \ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid14563139 {\b\i\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 {\field{\*\fldinst SYMBOL 65 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{
\b\i\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 The law is clear that there is a discretion in a Court seized of a winding}{\b\i\lang2057\langfe1033\langnp2057\insrsid14563139 -}{
\b\i\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 up petition, to decline to hear the petition where the debt is contested on substantial grounds}{\b\i\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 {\field{\*\fldinst 
SYMBOL 64 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{\b\i\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 .}{\lang2057\langfe1033\langnp2057\insrsid14563139 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid10364096 {\lang2057\langfe1033\langnp2057\insrsid14563139 
\par }{\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 For these reasons, on the facts and circumstances of this case and on the authorities this is not a case in which petition to wind up the company ought to be granted.}{
\lang2057\langfe1033\langnp2057\insrsid14563139  }{\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 The Petitioner will have to decide on some other mode of pursuing its claim.
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid14563139 {\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid10364096 {\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 The Petition is therefore dismissed with costs in favour of the Company in the sum of $250.00.}{
\lang2057\langfe1033\langnp2057\insrsid14563139 
\par 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid10364096 {\b\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 D. Pathik
\par }{\b\ul\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 Judge}{\b\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid14563139 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid14563139 {\lang2057\langfe1033\langnp2057\insrsid10364096\charrsid10364096 
\par }{\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid10364096 At Suva
\par 12 April 2002}{\lang2057\langfe1033\langnp2057\insrsid3935319\charrsid10364096 
\par }}