Read the full judgment text of CACV 000164/2000 on BabelCite. This Court of Appeal judgment was delivered on 7 December 2000.
1. UDL Holdings Ltd and its 24 subsidiary companies are in financial difficulties. They are, in short, insolvent. The outcome will be liquidation of the companies unless some form of composition of creditors or scheme of arrangement can be agreed and approved.
Cited by 2 cases