20 Apr 2007
RE GEARLAND CO LTD
- Citation
- RE GEARLAND CO LTD
- Court
- Court of First Instance
- Case number
- HCCW59/1998
The court will exercise its discretion under section 200(3) to retrospectively authorise the appointments of Panel B agents and to permit payment of their fees out of company assets subject to taxation where the appointments served the interests of the creditors and the liquidations, no misconduct is shown, oversight existed and individual inquiries into delegation would be disproportionate; payments are limited to amounts allowed on taxation.