{\rtf1\ansi\ansicpg1252\uc1\deff0\stshfdbch0\stshfloch0\stshfhich0\stshfbi0\deflang1033\deflangfe1033{\fonttbl{\f0\froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman;}
{\f169\fnil\fcharset0\fprq2{\*\panose 00000400000000000000}WP TypographicSymbols;}{\f172\froman\fcharset238\fprq2 Times New Roman CE;}{\f173\froman\fcharset204\fprq2 Times New Roman Cyr;}{\f175\froman\fcharset161\fprq2 Times New Roman Greek;}
{\f176\froman\fcharset162\fprq2 Times New Roman Tur;}{\f177\froman\fcharset177\fprq2 Times New Roman (Hebrew);}{\f178\froman\fcharset178\fprq2 Times New Roman (Arabic);}{\f179\froman\fcharset186\fprq2 Times New Roman Baltic;}
{\f180\froman\fcharset163\fprq2 Times New Roman (Vietnamese);}}{\colortbl;\red0\green0\blue0;\red0\green0\blue255;\red0\green255\blue255;\red0\green255\blue0;\red255\green0\blue255;\red255\green0\blue0;\red255\green255\blue0;\red255\green255\blue255;
\red0\green0\blue128;\red0\green128\blue128;\red0\green128\blue0;\red128\green0\blue128;\red128\green0\blue0;\red128\green128\blue0;\red128\green128\blue128;\red192\green192\blue192;}{\stylesheet{\ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 \snext0 Normal;}{\*\cs10 \additive \ssemihidden Default Paragraph Font;}{\*
\ts11\tsrowd\trftsWidthB3\trpaddl108\trpaddr108\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\trcbpat1\trcfpat1\tscellwidthfts0\tsvertalt\tsbrdrt\tsbrdrl\tsbrdrb\tsbrdrr\tsbrdrdgl\tsbrdrdgr\tsbrdrh\tsbrdrv 
\ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \fs20\lang1024\langfe1024\cgrid\langnp1024\langfenp1024 \snext11 \ssemihidden Normal Table;}{\*\cs15 \additive \ssemihidden footnote reference;}}{\*\rsidtbl \rsid1052657\rsid1269735
\rsid1515426\rsid8853049}{\*\generator Microsoft Word 10.0.6764;}{\info{\title IN THE HIGH COURT OF FIJI}{\author blake_r}{\operator blake_r}{\creatim\yr2006\mo3\dy28\hr16\min20}{\revtim\yr2006\mo3\dy28\hr16\min20}{\version2}{\edmins1}{\nofpages5}
{\nofwords1363}{\nofchars7772}{\*\company USP}{\nofcharsws9117}{\vern16391}}\margl2160\margr2160 
\widowctrl\ftnbj\aenddoc\notabind\wraptrsp\transmf\noxlattoyen\expshrtn\noultrlspc\dntblnsbdb\nospaceforul\truncatefontheight\subfontbysize\sprsbsp\wpjst\lytprtmet\hyphcaps0\horzdoc\dghspace120\dgvspace120\dghorigin1701\dgvorigin1984\dghshow0\dgvshow3
\jcompress\viewkind4\viewscale100\nolnhtadjtbl\rsidroot1052657 \fet0\sectd \sbknone\linex0\headery1440\footery1440\sectdefaultcl\sectrsid1052657\sftnbj {\footer \pard\plain \ql \li0\ri0\sl-240\slmult0\nowidctlpar\faauto\rin0\lin0\itap0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\insrsid1269735 
\par }\pard \ql \li-720\ri-720\nowidctlpar\faauto\rin-720\lin-720\itap0 {\field{\*\fldinst {\insrsid1269735 FILENAME  \\* upper \\p }}{\fldrslt {\insrsid1269735 A:\\HBE0026J.00S.wpd}}}{\insrsid1269735 
\par }}{\*\pnseclvl1\pnucrm\pnstart1\pnindent720\pnhang {\pntxta .}}{\*\pnseclvl2\pnucltr\pnstart1\pnindent720\pnhang {\pntxta .}}{\*\pnseclvl3\pndec\pnstart1\pnindent720\pnhang {\pntxta .}}{\*\pnseclvl4\pnlcltr\pnstart1\pnindent720\pnhang {\pntxta )}}
{\*\pnseclvl5\pndec\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl6\pnlcltr\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl7\pnlcrm\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl8
\pnlcltr\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl9\pnlcrm\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}\pard\plain \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8853049 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 IN THE HIGH COURT OF FIJI
\par AT SUVA
\par CIVIL JURISDICTION
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8853049 {\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8853049 {\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 WI}{\lang2057\langfe1033\langnp2057\insrsid8853049\charrsid8853049 N}{
\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 DING UP ACTION NO. 26 OF 2000
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8853049 {\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8853049 {\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 IN THE MATTER OF FURNITURE WORLD LIMITED
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8853049 {\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8853049 {\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 IN THE MATTER OF COMPANIES ACT 1983}{\b\lang2057\langfe1033\langnp2057\insrsid8853049\charrsid8853049 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8853049 {\lang2057\langfe1033\langnp2057\insrsid8853049\charrsid8853049 
\par }{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 Mr. T. W. Seeto for Petitioner
\par Mr. K. Muaror for Company}{\lang2057\langfe1033\langnp2057\insrsid8853049\charrsid8853049 
\par 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8853049 {\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 JUDGMENT}{\b\lang2057\langfe1033\langnp2057\insrsid8853049\charrsid8853049 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8853049 {\lang2057\langfe1033\langnp2057\insrsid8853049\charrsid8853049 
\par }{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 This is a disputed winding up Petition.
\par 
\par The }{\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 NBF Asset Management Bank}{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049  (the }{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst 
SYMBOL 62 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 petitioner}{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst SYMBOL 61 \\f 
"WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 ) has filed a Petition to wind up a limited liability company known as }{\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 
Furniture World Limited }{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 (the }{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst SYMBOL 62 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{
\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 company}{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{
\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 ) pursuant to }{\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 s.221}{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049  of the }{
\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 Companies Act 1983 }{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 (the }{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst SYMBOL 62 \\f 
"WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 Act}{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols"
 \\s 12}{\fldrslt\f169\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 ) for a debt of }{\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 $257,926.72}{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 
 (as at 27 February 2000).
\par 
\par The Company}{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 
s Manager Narendra Kumar has filed an undated affidavit in Opposition disputing the amount claimed saying, inter alia, that the Petitioner ought to proceed by way of Writ of Summons.}{\lang2057\langfe1033\langnp2057\insrsid8853049  }{
\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 The Petitioner has filed an Affidavit in Reply dated 4 May 2001 clarifying its position.}{\lang2057\langfe1033\langnp2057\insrsid8853049 
\par 
\par }{\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 Background facts}{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 
\par 
\par The petitioner filed }{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst SYMBOL 62 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 
memorandum of due compliance}{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 
 on 16 June 2001 pursuant to }{\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 Rule 28}{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049  of the }{\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 
Companies (Winding Up) Rules, 1983.}{\b\lang2057\langfe1033\langnp2057\insrsid8853049  }{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 As ordered, an Affidavit in Opposition sworn by }{
\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 Narendra Kumar}{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 , a Director of the Company, was filed on 24 August 2000.
\par 
\par }{\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 Company}{\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{
\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 s contention}{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 
\par 
\par Through its Director in the said affidavit of Narendra Kumar the Company sets out in detail denying its indebtedness to the Petitioner in the sum of $257,926.72 and hence it did not make any payment on the alleged debt.}{
\lang2057\langfe1033\langnp2057\insrsid8853049  }{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 It says that the Petitioner has failed to identify or articulate the composition of the alleged debt amount despite v}{
\lang2057\langfe1033\langnp2057\insrsid8853049 arious requests by the Company.}{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 
\par 
\par In the said affidavit in item 4 is set out in detail explanation of the basis for the Company}{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{
\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 
s dispute of the alleged debt by the Petitioner and I do not propose to reiterate these details here suffice it to say that after the approved banking facility in the sum of $150,000.00 the Company says that it made payments amounting to $146.116.00.}{
\lang2057\langfe1033\langnp2057\insrsid8853049  }{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 
The company also said that Company security (the property) which formed part of the security for the loan was sold by the Bank for the sum of $123,000.00 but the petitioner had not notified the Company of such sale.}{
\lang2057\langfe1033\langnp2057\insrsid8853049  }{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 It says, that means that taken together with cash payment of $146,116.00 the Company had already paid the petitioner the total sum of}{
\lang2057\langfe1033\langnp2057\insrsid8853049  }{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 $269,116.00.
\par 
\par The Company says that notwithstanding such payments by it, it is now alleged by the petitioner that the Company still owes the sum of $257,926.72.}{\lang2057\langfe1033\langnp2057\insrsid8853049 
\par }{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 
\par Not only that, the Company says that in or about March 1993 the petitioner appointed a Receiver who closed the business operations of the Company.}{\lang2057\langfe1033\langnp2057\insrsid8853049  }{
\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 The effects of such unjustified appointment was disastrous to the 
Company in that it not only stopped the business operations for the total period of the receivership but also involved very high costs for the period of the receivership.}{\lang2057\langfe1033\langnp2057\insrsid8853049  }{
\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 The Company says that their total revenue from the receivership has not been accounted to the Company.
\par 
\par The Company says that this attempt to wind up the Company is a clear abuse of the winding up provisions of the Act.}{\lang2057\langfe1033\langnp2057\insrsid8853049  }{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 
It says that if the petitioner wishes to pursue this claim it should initiate it by way of a High Court writ of summons}{\lang2057\langfe1033\langnp2057\insrsid8853049  }{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 as it is }{
\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst SYMBOL 62 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 seriously and evidentially contentious}{
\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 .
\par 
\par }{\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 Petitioner}{\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{
\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 s contention}{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 
\par 
\par The petitioner submits in its Affidavit in Reply by }{\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 Laisenia}{\b\lang2057\langfe1033\langnp2057\insrsid8853049  }{\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 Takala, }
{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 Senior Manager Rehabilitation, that the Company is indebted in the sum claimed and refutes the arguments put forward by the Company.}{\lang2057\langfe1033\langnp2057\insrsid8853049  }{
\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 She says that the petitioner is justified in winding up the company and that it is not an abuse of the process to do so.}{\lang2057\langfe1033\langnp2057\insrsid8853049  }{
\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 She says that the Company is unable to pay its debts.
\par 
\par }{\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 The issue}{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 
\par 
\par The issue for the Court}{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 
s determination is whether the debtor company has a bona fide dispute on substantial grounds to enable the Court to prevent the winding up petition against it to proceed.}{\lang2057\langfe1033\langnp2057\insrsid8853049 
\par }{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 
\par }{\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 Petitioner}{\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{
\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 s counsel}{\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{
\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 s submission
\par }{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 
\par }{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 To show whether the Company has a bona fide dispute, the learned counsel
 (Mr. Seeto) for the petitioner sets out in great detail in his written submission how the debt is made up and how over a period the company had in fact agreed on the amount of the debt and made payment and promised to make further payments.}{
\lang2057\langfe1033\langnp2057\insrsid8853049  }{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 In this regard I refer to pages 1 to 5 of the submission.
\par 
\par }{\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 Consideration of the issue
\par }{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 
\par }{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 As agreed, both counsel filed written submissions for Court}{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols"
 \\s 12}{\fldrslt\f169\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 s consideration and I found them to be very helpful.
\par 
\par There are certain principles governing the granting of a winding up order.}{\lang2057\langfe1033\langnp2057\insrsid8853049  }{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 
There is a general principle that a petition for winding up with a view to enforcing payment of a disputed debt is an abuse of the process of the Court and should be dismissed with costs.}{\lang2057\langfe1033\langnp2057\insrsid8853049  }{
\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 (}{\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 Palmer}{\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst SYMBOL 61 \\f 
"WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 s Company Law}{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049  Vol 3, 15.214 and cases cited therein).
\par 
\par In }{\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 Palmer}{\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{
\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 s }{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 
(ibid) is set out the principles involved in considering dispute as to debt and I have borne these in mind in considering the matter before me.}{\lang2057\langfe1033\langnp2057\insrsid8853049  }{
\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 There it is stated:}{\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049  }{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 
\par 
\par }\pard \ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid8853049 {\b\i\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst SYMBOL 65 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{
\b\i\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 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\insrsid8853049  }{
\b\i\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 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\insrsid8853049  }{
\b\i\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst SYMBOL 65 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{\b\i\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 Substantial}{
\b\i\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst SYMBOL 64 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{\b\i\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 
 means having substance and not frivolous, which disputes the court should ignore.}{\b\i\lang2057\langfe1033\langnp2057\insrsid8853049  }{\b\i\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 
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\insrsid8853049  }{
\b\i\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 The onus is on the company }{\b\i\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst SYMBOL 65 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{
\b\i\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 to bring forward a prima facie case which satisfies the court that there is something which ought to be tried either before the court itself or in an action, or by some other proceedings}{
\b\i\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst SYMBOL 64 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{\b\i\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 .}{
\lang2057\langfe1033\langnp2057\insrsid8853049 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8853049 {\lang2057\langfe1033\langnp2057\insrsid8853049 
\par }{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 In }{\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 Offshore Oil N.L. and Investment Corporation of Fiji Limited }{
\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 (Civil App. 29/84 F.C.A. at p.15 of cyclostyled judgment) }{\b\i\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 Barker J.A.}{
\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049  said:
\par }{\b\i\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 
\par }\pard \ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid8853049 {\b\i\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst SYMBOL 65 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{
\b\i\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 The law is clear that there is a discretion in a Court seized of a winding}{\b\i\lang2057\langfe1033\langnp2057\insrsid8853049 -}{
\b\i\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 up petition, to decline to hear the petition where the debt is contested on substantial grounds}{\b\i\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst 
SYMBOL 64 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{\b\i\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 .}{\lang2057\langfe1033\langnp2057\insrsid8853049 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8853049 {\lang2057\langfe1033\langnp2057\insrsid8853049 
\par }{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 Also in }{\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 Bateman Television Limited (In Liquidation) and Another v Coleridge Finance Company Limited}{
\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049  1971 NZLR p.929 Judicial Committee, it was held:
\par 
\par }\pard \ql \fi-720\li1440\ri0\nowidctlpar\faauto\rin0\lin1440\itap0\pararsid8853049 {\b\i\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst SYMBOL 65 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{
\b\i\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 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\insrsid1052657\charrsid8853049 
Judge has discretion to make a winding up order on disputed debts}{\b\i\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049  which is not reviewable unless exerci
sed on a wrong principle or the Judge included or omitted consideration of a relevant fact or was wholly wrong}{\b\i\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst SYMBOL 64 \\f "WP TypographicSymbols" \\s 12}{\fldrslt
\f169\fs24}}}{\b\i\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 .}{\lang2057\langfe1033\langnp2057\insrsid8853049  (emphasis added)}{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8853049 {\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 
\par In the written submissions of the petitioner are set out in considerable detail the dealings between the parties showing, inter alia, the state of accounts between them.}{\lang2057\langfe1033\langnp2057\insrsid8853049  }{
\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 It is noted that in Clause I of letter of 17 October 1997 the status of the account was accepted by the Company and there was no protest as to the state of the said accounts.
\par 
\par The petitioner says that it has }{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst SYMBOL 62 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 ar
ticulated}{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 
 the composition of the said debt as is evidenced by the Bank Statement attached to the petitioner}{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{
\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 s affidavit and shows the total amount outstanding as at 30 November 2000 as $287,558.39.}{\lang2057\langfe1033\langnp2057\insrsid8853049 
\par 
\par }{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 It is quite evident on the affidavit evidence before me,
 that at no stage the Company took any steps after service of s221 Notice by way of an action to dispute the debt on the alleged negligent manner in which the Company sold its Crown Lease property and also in respect of other alleged negligent conduct.}{
\lang2057\langfe1033\langnp2057\insrsid8853049  }{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 I agree with Mr. Seeto that what the Company now appears to be applying for by its affidavit in opposition is in fact a }{
\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst SYMBOL 65 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 side wind}{
\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst SYMBOL 64 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049  application for injunction which is not}{
\lang2057\langfe1033\langnp2057\insrsid8853049  }{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 permitted by the courts.}{\lang2057\langfe1033\langnp2057\insrsid8853049  }{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 
In this regard }{\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 Fatiaki}{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049  }{\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 J}{
\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 s}{
\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049  statement in }{\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 National Bank of Fiji v Abdul Kadeer Kuddus Hussein}{
\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049  (Civil Action No. 0331 of 1998) is pertinent when he said at p.7 is }{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst SYMBOL 62 \\f "WP TypographicSymbols"
 \\s 12}{\fldrslt\f169\fs24}}}{\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 it either just or proper to allow by a }{\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst SYMBOL 62 \\f 
"WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 side}{\b\lang2057\langfe1033\langnp2057\insrsid8853049 -}{\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 wind}{
\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 
 an injunction which the Defendant has not seen fit to apply for in a properly constituted application}{\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst SYMBOL 64 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}
{\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 .}{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 
\par 
\par The Company raised a number of other points such as }{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst SYMBOL 62 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{
\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 receivership}{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{
\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049  which took place some seven years ago but there was a Deed of Release subsequently; it also raised the application of Fair Trading Decree 1992 but I see no merit in the Company}{
\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 s submission 
on these matters for not having raised them at the appropriate time and in good time, it has missed the boat and cannot be raised in the present proceedings.
\par 
\par }{\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 Conclusion}{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 
\par 
\par To conclude, for the above reasons on the facts and circumstances of this case and on
 the authorities on the subject of whether the alleged dispute is based on substantial grounds I hold that the plaintiff ought not to be prevented from proceeding with its petition to wind up the defendant Company.}{
\lang2057\langfe1033\langnp2057\insrsid8853049  }{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 There is a substantial amount of money owing to the Petitioner and serious attempt has not been made to reduce the debt.}{
\lang2057\langfe1033\langnp2057\insrsid8853049  }{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 There is no offer to deposit the alleged sum due into court}{\lang2057\langfe1033\langnp2057\insrsid8853049  }{
\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 so that the dispute can be adjudicated upon in a properly constituted action.}{\lang2057\langfe1033\langnp2057\insrsid8853049  }{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 
In the outcome I find that since the dispute is not on }{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst SYMBOL 62 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{
\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 substantial}{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f169\fs24}}}{
\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049  grounds within the meaning attributed to that word and on the authorities referred to hereabove by me, it is ordered that the petitioner be at liberty to proceed to wind up the Company.}{
\lang2057\langfe1033\langnp2057\insrsid8853049  }{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 It is therefore directed that the Chief Registrar list the Petition for hearing before a Judge.}{
\lang2057\langfe1033\langnp2057\insrsid8853049  }{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 I award costs to Petitioner in the sum of $250.00 payable by the defendant.}{\lang2057\langfe1033\langnp2057\insrsid8853049 
\par 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8853049 {\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 D. Pathik
\par }{\b\ul\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 Judge}{\b\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8853049 {\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 
\par At Suva
\par 8 February 2002}{\lang2057\langfe1033\langnp2057\insrsid1052657\charrsid8853049 
\par }}