Introduction

[1] The Petitioner claims a debt for monies owed under two (2) decisions, being an adjudication decision dated 11 January 2024 ("the Adjudication Decision") under the Construction Industry Payment and Adjudication Act 2012 ("CIPAA") and an order of the High Court dated 20 May 2024 ("the High Court Order").

(a) The Petitioner filed a winding up petition dated 23 September 2024 (Encl 1) ("the Petition") based on the aforesaid debt. In response, the Respondent filed a notice of application dated 28 November 2024 (Encl 21) for essentially, a stay of the Petition pending the hearing of the other application for the a stay of the Adjudication Decision in WA-24C-190-11/2024 ("Suit 190").

(b) The Petitioner filed submissions ("collectively "Petitioner Subs") on 26 November 2024 ("Petitioner Subs-1") (Encl 16) and on 17 December 2024 ("Petitioner Subs-2") (Encl 26).

(c) The Respondent ("VKPT") filed its submissions in support of Encl 21 on 17 December 2024 (Encl 28) ("VKPT Subs").

[2] The facts and matters set out in paras 3 to 19 below are largely derived from Petitioner Subs and VKPT Subs.

[3] The Petition was heard on 28 November 2024 but on the eve of the h