IN THE SUPREME C/span>
OF THE REPUBLIC OF VANUATU
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Company Case No.05 of 2000
IN TTTER OF
SOUTH PACIFIC GAMING &
ENTERTAINMENT LIMITED
AND
IN THE MATTER OF THE
COMPANIES ACT [CAP. 191]
Ms. Jennifer Laau fe
petitioner
Respondent - no appearance
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This was an application to
wound up South Pacific Gaming & Entertainment Limited for not paying up
VT6,754,612 and
remain unpaid. A notice of demand was personally served at
the registered office of B. D. O. Barrett & Sinclair demanding
for payment
of Vt6,754,612.
Fe to pay the amount this
Petition was taken out by the petitioner for wounding up of p of the said
company. Ms. Jennifer
Laau for the petitioner applied to wind up the company
as the company is unable to pay its debt.
Law
A petitioner has power to make
petito Court for winding up of company under Section 226 for reor reasons
under Section
224 of the Companies Act. Under Section 217 the Court as in
this case the Supreme Court has power to make order including order for
winding up.
As in this case the grounds for winding up will be under Section
224 (e) and that is for unpaid debt. The amount is 6,754,612
which far
exceed the requirement of VT10,000 or more and demand was issued.
Tore pursuant to Section
227 I see no reason why I cannot grant winding up order of thof the company South
Pacific Gaming
& Entertainment Limited. I therefore grant the applicant and
the South Pacific Gaming & Entertainment Limited is now
wound up.
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Dated at Port Vila, this 10th
day of April, 2001.
R. MARUM MBE
JUDGE.
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IN THE MAGISTRATE�S COURT
OF THE REPUBLIC OF VANUATU
Company Case No.05 of 2000
SOUTH PACIFIC GAMING &
ENTERTAINMENT LIMITED
AND
IN THE MATTER OF THE
COMPANIES ACT [CAP. 191]
Ms. Jenniaau for the
petitioner
Respondent - no appearance
COURT ORDER
UPON HEARING
Ms. Laa. Laau for the petitioner, I hereby make the following orders:-
<
1. &nnbsp;;&nspp;&nsp; &nsp; &&nbp;; &nnsp;&
Than>That South Pacific Gaming & Eainmemitedow wound up;
2.&t;"> &nnsp;&&nsp;;&nspp;&nssp;&nsp;
That Southfic ific Gaming & Entertainment Limited pay the costs of
this aationpan><
">
Dated at Port Vila, this 10th
day of April, 2001.>
R. MARUM MBE
JUDGE
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