Read the full judgment text of HCCW 000090/2005 on BabelCite. This High Court CFI judgment was delivered on 16 February 2005 before Hon Kwan J.
Companies (Winding-up) – validation order – s.182 Companies Ordinance – solvent company – shareholder dispute – ordinary course of business – conditions – monthly cap – weekly schedule – inspection rights – costs in cause – Company engaged in logistics and forwarding – petition presented on 31 January 2005 – company solvent with net assets HK$4.1 million – monthly expenses HK$3.8 million – validation order granted with conditions – costs in cause.
Legal issues: Validation order under section 182
Outcome: Validation order granted subject to conditions.