9 Jun 2006
RE COSMOS INSURANCE MANAGEMENT LTD
- Citation
- RE COSMOS INSURANCE MANAGEMENT LTD
- Court
- Court of First Instance
- Case number
- HCMP652/2006
The court confirmed the reduction because the losses to be written off were realised and permanent, the reduction would eliminate equivalent accumulated losses and better reflect the company's financial position for its new business, statutory procedures had been complied with, the only identified creditor had been informed and raised no objection, and the interests of creditors would not be prejudiced.