Injunction Preventing Winding Up Petition

China Town Development Company Ltd v Liverpool City Council. The court granted an injunction preventing a city council from presenting a winding up petition as there was a genuine argument that a premium for two leases expressed as being GBP 2.5 million was to be apportioned between the two, and was arguably not all due on completion of the first lease.

For more information see the England and Wales High Court (Chancery Division) Decisions.