Read the full judgment text of HCMP 2196/2018 on BabelCite. This High Court CFI judgment was delivered on 22 July 2019.
1. On 22 July 2019, I sanctioned a scheme of arrangement (the “ Scheme ”) to be entered into between Da Yu Financial Holdings Limited (formerly known as China Agrotech Holdings Limited) (in liquidation) (the “ Company ”) and its general unsecured creditors (the “ Scheme Creditors ”) with an undertaking from the Company that all its restructuring and liquidation costs and expenses are subject to taxation. I also granted a permanent stay of the winding-up of the Company. I now give my reasons.
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