27 Nov 2003
RE MERCURIES- JEANTEX HOLDINGS LTD (IN LIQUIDATION)
- Citation
- RE MERCURIES- JEANTEX HOLDINGS LTD (IN LIQUIDATION)
- Court
- Court of First Instance
- Case number
- HCCW836/1999
The court sanctioned the liquidators to write off the identified assets because the liquidators had made reasonable efforts to realise them, the assets were of insignificant value or the anticipated costs of realisation would exceed any proceeds, and the statutory consultation process with the committee of inspection had occurred; accordingly the write-off and payment of the application costs from company assets were ordered.