Read the full judgment text of HCMP 38/2023 on BabelCite. This High Court CFI judgment was delivered on 19 March 2024.
1. The Company seeks the Court’s sanction under section 673 of the Companies Ordinance (Cap 622) (“ Ordinance ”) of a scheme of arrangement between the Company and the Creditors. The resolution of the Scheme Meeting was carried by an overwhelming majority of the Creditors present and voting, either in person or by proxy. Specifically, 73 Creditors voted in favour of the Scheme, while five Creditors voted against it. Those voting in favour held approximately 92.50% of the total value represented
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