Read the full judgment text of HCMP 002469/1998 on BabelCite. This High Court CFI judgment was delivered on 15 July 1998.
1. This is a summons by the liquidators of Setaffa Investments Limited ("the Company") for the determination of the question whether section 264A of the Companies Ordinance, Cap.32 applies to the winding-up of a company commenced before the section came into force on 10 February 1997 and if so, whether interest payable on debts proved in the winding-up is payable at simple interest, compound interest or simple or compound interest as the liquidator considers fair and reasonable.