Read the full judgment text of HCMP 001084/2001 on BabelCite. This High Court CFI judgment was delivered on 12 July 2001.
1. This was a petition for the Court's sanction of the reduction of capital of the Company. Section 58 of the Companies Ordinance provides that a company limited by shares and having a share capital may, if so authorized by its articles, by special resolution reduce its share capital in any way subject to confirmation by the court.