7 Jul 2006
RE GOLDLORY RESTAURANT LTD
- Citation
- RE GOLDLORY RESTAURANT LTD
- Court
- Court of First Instance
- Case number
- HCCW456/2001
The court held that s196(2) and rule146(2) do not compel the percentage basis as the default in summary cases; the court has unfettered discretion and, as a matter of practice, the time cost basis should be adopted for liquidators in summary winding-up under s227F and provided for at the time the summary procedure order is made; no special circumstances need be shown to adopt time costs.