in Supreme Court.

A petition for the winding-up of Compuguide Ltd. was presented to the court on December 17. A hearing will follow on January 12.

The petition was presented by joint provisional liquidators Mr. Charles Kempe and Mr. Gil Tucker, acting for CTRACK Ltd.

Mr. Kempe said Compuguide was a "small, dormant affiliate of Telecheck Holdings''.

CTRACK was formed by Mr. Tom Burns, co-owner with brother Mr. Richard Burns of Telecheck and the investment firm Televest. All three companies were ordered wound up last week.

CTRACK was previously known as Commodity and International Investment Advisors Ltd. (CIIAL). It was described as performing large deals for international clients on the London market and managing commodities trading funds. It later became dormant.

In notes to its 1992 financial statments, Televest was described as having been "economically dependent'' on CIIAL.

CIIAL was partially owned by Televest's common shareholders, the notes said.